iShares Global Industrials ETF (NYSEARCA:EXI) Reaches New 12-Month High – What’s Next?

Shares of iShares Global Industrials ETF (NYSEARCA:EXI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $200.64 and last traded at $199.78, with a volume of 5582 shares trading hands. The stock had previously closed at $195.20.

iShares Global Industrials ETF Trading Up 2.8%

The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 22.01 and a beta of 1.00. The company has a fifty day moving average price of $189.90 and a 200-day moving average price of $183.22.

Hedge Funds Weigh In On iShares Global Industrials ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp increased its stake in shares of iShares Global Industrials ETF by 411.5% in the 1st quarter. Jones Financial Companies Lllp now owns 5,207 shares of the company’s stock valued at $709,000 after purchasing an additional 4,189 shares in the last quarter. Jane Street Group LLC increased its stake in iShares Global Industrials ETF by 57.1% during the 1st quarter. Jane Street Group LLC now owns 37,549 shares of the company’s stock worth $5,459,000 after buying an additional 13,650 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in iShares Global Industrials ETF during the 2nd quarter worth approximately $230,000. NewEdge Advisors LLC increased its stake in iShares Global Industrials ETF by 737.8% during the 2nd quarter. NewEdge Advisors LLC now owns 2,103 shares of the company’s stock worth $348,000 after buying an additional 1,852 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in iShares Global Industrials ETF by 6.1% during the 2nd quarter. Quantinno Capital Management LP now owns 17,486 shares of the company’s stock worth $2,892,000 after buying an additional 1,012 shares in the last quarter.

About iShares Global Industrials ETF

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. The Index includes manufacturers and distributors of capital goods, providers of commercial services and supplies, and transportation service providers.