iShares Global Industrials ETF (NYSEARCA:EXI) Shares Gap Down – Here’s Why

iShares Global Industrials ETF (NYSEARCA:EXI) shares gapped down before the market opened on Tuesday . The stock had previously closed at $131.45, but opened at $127.59. iShares Global Industrials ETF shares last traded at $134.51, with a volume of 69,960 shares.

iShares Global Industrials ETF Stock Performance

The firm has a market cap of $903.11 million, a P/E ratio of 19.67 and a beta of 1.00. The firm has a 50 day simple moving average of $146.14 and a 200 day simple moving average of $146.69.

Institutional Trading of iShares Global Industrials ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in iShares Global Industrials ETF during the fourth quarter valued at $29,000. Capital Investment Counsel Inc purchased a new position in shares of iShares Global Industrials ETF during the fourth quarter worth about $35,000. Hopwood Financial Services Inc. purchased a new position in shares of iShares Global Industrials ETF during the fourth quarter worth about $46,000. Blue Trust Inc. increased its position in shares of iShares Global Industrials ETF by 184.9% in the fourth quarter. Blue Trust Inc. now owns 718 shares of the company’s stock worth $101,000 after purchasing an additional 466 shares during the last quarter. Finally, US Bancorp DE raised its stake in iShares Global Industrials ETF by 11.2% in the fourth quarter. US Bancorp DE now owns 845 shares of the company’s stock valued at $119,000 after purchasing an additional 85 shares in the last quarter.

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.