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

iShares Global Industrials ETF (NYSEARCA:EXI) shares reached a new 52-week high on Monday . The stock traded as high as $202.00 and last traded at $200.02, with a volume of 8773 shares traded. The stock had previously closed at $198.93.

iShares Global Industrials ETF Stock Down 2.3%

The company has a market cap of $1.37 billion, a P/E ratio of 22.01 and a beta of 0.99. The firm’s 50-day moving average price is $194.76 and its 200-day moving average price is $188.90.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in shares of iShares Global Industrials ETF by 17.5% during the third quarter. Fisher Asset Management LLC now owns 2,175,019 shares of the company’s stock valued at $375,735,000 after buying an additional 323,810 shares during the period. HighTower Advisors LLC boosted its position in shares of iShares Global Industrials ETF by 2,289.1% in the fourth quarter. HighTower Advisors LLC now owns 115,587 shares of the company’s stock valued at $20,267,000 after acquiring an additional 110,749 shares during the period. Van ECK Associates Corp bought a new position in shares of iShares Global Industrials ETF in the fourth quarter valued at approximately $7,135,000. Citadel Advisors LLC purchased a new position in iShares Global Industrials ETF during the third quarter valued at approximately $6,489,000. Finally, Ameriprise Financial Inc. purchased a new position in iShares Global Industrials ETF during the third quarter valued at approximately $6,170,000.

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.