iShares Global Industrials ETF (NYSEARCA:EXI) Sees Large Volume Increase – Still a Buy?

Shares of iShares Global Industrials ETF (NYSEARCA:EXI) saw unusually-strong trading volume on Friday . Approximately 144,053 shares were traded during mid-day trading, an increase of 584% from the previous session’s volume of 21,055 shares.The stock last traded at $147.53 and had previously closed at $147.96.

iShares Global Industrials ETF Price Performance

The stock’s 50-day moving average price is $148.72 and its 200 day moving average price is $142.73. The firm has a market capitalization of $611.71 million, a PE ratio of 21.67 and a beta of 0.88.

Institutional Investors Weigh In On iShares Global Industrials ETF

Several hedge funds have recently modified their holdings of EXI. Blue Trust Inc. boosted its position in shares of iShares Global Industrials ETF by 135.5% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the company’s stock worth $37,000 after purchasing an additional 145 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in shares of iShares Global Industrials ETF by 75.4% in the third quarter. Venturi Wealth Management LLC now owns 307 shares of the company’s stock worth $46,000 after buying an additional 132 shares during the last quarter. FMR LLC lifted its position in iShares Global Industrials ETF by 33.6% during the 3rd quarter. FMR LLC now owns 850 shares of the company’s stock worth $126,000 after acquiring an additional 214 shares during the period. Toronto Dominion Bank purchased a new position in shares of iShares Global Industrials ETF in the third quarter worth about $171,000. Finally, TrinityPoint Wealth LLC acquired a new stake in shares of iShares Global Industrials ETF during the third quarter worth about $210,000.

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.