iShares Global Industrials ETF (NYSEARCA:EXI) Sees Strong Trading Volume – Should You Buy?

iShares Global Industrials ETF (NYSEARCA:EXI) shares saw unusually-high trading volume on Tuesday . 262,141 shares traded hands during trading, an increase of 395% from the previous session’s volume of 52,998 shares.The stock last traded at $191.4740 and had previously closed at $191.91.

iShares Global Industrials ETF Stock Down 0.4%

The firm’s 50-day moving average price is $199.00 and its 200 day moving average price is $194.87. The firm has a market cap of $1.38 billion, a P/E ratio of 22.01 and a beta of 0.98.

Hedge Funds Weigh In On iShares Global Industrials ETF

Several hedge funds and other institutional investors have recently made changes to their positions in EXI. Corient Private Wealth LP bought a new position in iShares Global Industrials ETF in the 2nd quarter worth approximately $211,000. Tucker Asset Management LLC raised its stake in iShares Global Industrials ETF by 275.5% during the 2nd quarter. Tucker Asset Management LLC now owns 950 shares of the company’s stock valued at $190,000 after acquiring an additional 697 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in iShares Global Industrials ETF during the 2nd quarter worth $32,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of iShares Global Industrials ETF in the second quarter worth $268,000. Finally, Wellington Grp LLC bought a new position in shares of iShares Global Industrials ETF in the first quarter worth $28,000.

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.