iShares Global Industrials ETF (NYSEARCA:EXI) Sets New 12-Month High – Time to Buy?

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

iShares Global Industrials ETF Trading Up 0.2%

The company has a 50 day moving average price of $194.59 and a 200 day moving average price of $188.54. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 22.01 and a beta of 0.99.

Hedge Funds Weigh In On iShares Global Industrials ETF

Hedge funds have recently added to or reduced their stakes in the company. Wellington Grp LLC acquired a new stake in iShares Global Industrials ETF in the first quarter worth about $28,000. O Shaughnessy Asset Management LLC raised its holdings in iShares Global Industrials ETF by 62.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 174 shares of the company’s stock worth $31,000 after purchasing an additional 67 shares during the last quarter. Arax Advisory Partners acquired a new position in iShares Global Industrials ETF during the 4th quarter valued at about $31,000. Assetmark Inc. lifted its position in iShares Global Industrials ETF by 47.0% during the 1st quarter. Assetmark Inc. now owns 194 shares of the company’s stock valued at $35,000 after purchasing an additional 62 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in shares of iShares Global Industrials ETF in the 4th quarter valued at about $42,000.

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.