iShares Global Industrials ETF (NYSEARCA:EXI) Shares Up 0.3% – Still a Buy?

iShares Global Industrials ETF (NYSEARCA:EXI) shot up 0.3% during mid-day trading on Tuesday. The company traded as high as $193.24 and last traded at $192.63. Approximately 57,337 shares changed hands during trading, an increase of 3% from the average session volume of 55,441 shares. The stock had previously closed at $191.98.

iShares Global Industrials ETF Stock Performance

The firm has a market capitalization of $1.46 billion, a P/E ratio of 22.01 and a beta of 0.99. The firm’s 50-day moving average is $197.56 and its 200 day moving average is $194.94.

Hedge Funds Weigh In On iShares Global Industrials ETF

A number of large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in shares of iShares Global Industrials ETF by 707.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 25,704 shares of the company’s stock worth $4,507,000 after purchasing an additional 22,522 shares during the last quarter. Fifth Third Bancorp lifted its stake in iShares Global Industrials ETF by 405.3% in the 1st quarter. Fifth Third Bancorp now owns 4,346 shares of the company’s stock valued at $787,000 after purchasing an additional 3,486 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new stake in iShares Global Industrials ETF in the 2nd quarter valued at about $268,000. Uptick Partners LLC bought a new position in iShares Global Industrials ETF during the first quarter worth about $253,000. Finally, Bank of America Corp DE grew its holdings in iShares Global Industrials ETF by 1.1% during the first quarter. Bank of America Corp DE now owns 113,061 shares of the company’s stock worth $20,465,000 after purchasing an additional 1,228 shares during the period.

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