iShares Global Utilities ETF (NYSEARCA:JXI) Shares Pass Above 200-Day Moving Average – Here’s Why

iShares Global Utilities ETF (NYSEARCA:JXI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $67.41 and traded as high as $69.68. iShares Global Utilities ETF shares last traded at $69.68, with a volume of 7,517 shares traded.

iShares Global Utilities ETF Stock Performance

The stock’s 50-day moving average is $67.02 and its 200 day moving average is $67.41. The stock has a market capitalization of $163.75 million, a PE ratio of 17.91 and a beta of 0.66.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of institutional investors have recently modified their holdings of JXI. Signature Estate & Investment Advisors LLC lifted its position in iShares Global Utilities ETF by 1.8% during the 4th quarter. Signature Estate & Investment Advisors LLC now owns 23,188 shares of the exchange traded fund’s stock worth $1,488,000 after acquiring an additional 415 shares during the period. Jones Financial Companies Lllp raised its stake in shares of iShares Global Utilities ETF by 77.9% during the fourth quarter. Jones Financial Companies Lllp now owns 996 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 436 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth $45,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Global Utilities ETF in the 4th quarter valued at $48,000. Finally, SBI Securities Co. Ltd. purchased a new position in iShares Global Utilities ETF in the 4th quarter valued at $132,000.

About iShares Global Utilities ETF

iShares Global Utilities ETF, formerly iShares S&P Global Utilities Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Utilities Sector Index (the Index). The Index is a subset of the S&P Global 1200 Index and measures the performance of companies that the Index provider deems to be part of the utilities sector of the economy.