iShares Global Industrials ETF (NYSEARCA:EXI) Reaches New 52-Week High – What’s Next?

iShares Global Industrials ETF (NYSEARCA:EXI)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $150.35 and last traded at $150.26, with a volume of 7480 shares traded. The stock had previously closed at $149.79.

iShares Global Industrials ETF Price Performance

The company has a market capitalization of $620.80 million, a PE ratio of 21.67 and a beta of 0.88. The stock’s 50 day simple moving average is $143.51 and its 200-day simple moving average is $139.51.

Hedge Funds Weigh In On iShares Global Industrials ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. grew its position in shares of iShares Global Industrials ETF by 0.5% during the second quarter. Envestnet Asset Management Inc. now owns 29,462 shares of the company’s stock worth $3,980,000 after buying an additional 148 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in iShares Global Industrials ETF by 9.5% in the first quarter. Astoria Portfolio Advisors LLC. now owns 2,295 shares of the company’s stock valued at $310,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in iShares Global Industrials ETF by 17.0% in the second quarter. Commonwealth Equity Services LLC now owns 3,250 shares of the company’s stock valued at $439,000 after purchasing an additional 472 shares in the last quarter. Cetera Advisors LLC acquired a new position in iShares Global Industrials ETF in the first quarter valued at approximately $240,000. Finally, Advisors Preferred LLC boosted its holdings in iShares Global Industrials ETF by 339.5% in the first quarter. Advisors Preferred LLC now owns 3,252 shares of the company’s stock valued at $451,000 after purchasing an additional 2,512 shares in the last quarter.

iShares Global Industrials ETF Company Profile

iShares Global Industrials ETF (the Fund), formerly iShares S&P Global Industrials Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Industrials Sector Index (the Index). The Index is a subset of the Standard & Poor’s Global 1200 Index.