iShares Global Utilities ETF (NYSEARCA:JXI) Shares Pass Above 200 Day Moving Average – Should You Sell?

iShares Global Utilities ETF (NYSEARCA:JXI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $75.78 and traded as high as $80.86. iShares Global Utilities ETF shares last traded at $79.97, with a volume of 39,292 shares changing hands.

iShares Global Utilities ETF Stock Down 1.2%

The company’s 50-day moving average is $79.15 and its two-hundred day moving average is $75.78. The company has a market cap of $235.91 million, a P/E ratio of 16.92 and a beta of 0.64.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of hedge funds have recently modified their holdings of the stock. Barings LLC bought a new stake in shares of iShares Global Utilities ETF in the third quarter valued at $7,976,000. Jones Financial Companies Lllp increased its holdings in iShares Global Utilities ETF by 5,608.2% in the 1st quarter. Jones Financial Companies Lllp now owns 56,854 shares of the exchange traded fund’s stock worth $3,928,000 after acquiring an additional 55,858 shares during the last quarter. Susquehanna International Group LLP raised its stake in iShares Global Utilities ETF by 246.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock valued at $4,094,000 after acquiring an additional 37,499 shares during the period. Jane Street Group LLC bought a new stake in iShares Global Utilities ETF in the 1st quarter valued at about $845,000. Finally, FSA Wealth Partners Inc. purchased a new stake in iShares Global Utilities ETF during the second quarter valued at about $782,000.

iShares Global Utilities ETF Company Profile

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.