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

iShares Global Industrials ETF (NYSEARCA:EXI)’s share price 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 traded.

iShares Global Industrials ETF Price Performance

The business has a 50-day simple moving average of $146.14 and a two-hundred day simple moving average of $146.69. The stock has a market cap of $903.11 million, a price-to-earnings ratio of 19.67 and a beta of 1.00.

Hedge Funds Weigh In On iShares Global Industrials ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GTS Securities LLC bought a new stake in shares of iShares Global Industrials ETF during the fourth quarter worth approximately $432,000. Quantinno Capital Management LP grew its holdings in iShares Global Industrials ETF by 27.6% in the 4th quarter. Quantinno Capital Management LP now owns 10,813 shares of the company’s stock valued at $1,527,000 after buying an additional 2,339 shares in the last quarter. Investor s Fiduciary Advisor Network LLC bought a new position in iShares Global Industrials ETF during the 4th quarter worth $218,000. Cetera Investment Advisers lifted its holdings in shares of iShares Global Industrials ETF by 48.9% during the fourth quarter. Cetera Investment Advisers now owns 10,499 shares of the company’s stock worth $1,483,000 after buying an additional 3,449 shares in the last quarter. Finally, Baker Avenue Asset Management LP boosted its position in shares of iShares Global Industrials ETF by 1.9% in the fourth quarter. Baker Avenue Asset Management LP now owns 6,933 shares of the company’s stock valued at $979,000 after acquiring an additional 132 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.