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

iShares Global Industrials ETF (NYSEARCA:EXI) saw strong trading volume on Friday . 25,147 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 43,176 shares.The stock last traded at $148.31 and had previously closed at $147.01.

iShares Global Industrials ETF Stock Performance

The company’s 50-day moving average price is $145.97 and its 200 day moving average price is $144.53. The stock has a market capitalization of $619.37 million, a PE ratio of 21.67 and a beta of 0.88.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EXI. Csenge Advisory Group bought a new stake in shares of iShares Global Industrials ETF during the fourth quarter valued at approximately $927,000. Principal Securities Inc. bought a new stake in shares of iShares Global Industrials ETF during the 4th quarter valued at $29,000. Aveo Capital Partners LLC purchased a new stake in shares of iShares Global Industrials ETF in the 4th quarter worth about $3,631,000. Blue Trust Inc. increased its stake in shares of iShares Global Industrials ETF by 184.9% in the 4th quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $101,000 after acquiring an additional 466 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its position in iShares Global Industrials ETF by 45.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,044 shares of the company’s stock valued at $712,000 after acquiring an additional 1,582 shares during the period.

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.