iShares Global Utilities ETF (NYSEARCA:JXI) Stock Price Cross 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 Tuesday . The stock has a two hundred day moving average of $76.58 and traded as high as $78.83. iShares Global Utilities ETF shares last traded at $78.30, with a volume of 20,958 shares trading hands.

iShares Global Utilities ETF Price Performance

The stock has a 50 day moving average price of $80.27 and a 200-day moving average price of $76.58. The stock has a market capitalization of $230.99 million, a P/E ratio of 16.92 and a beta of 0.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Barings LLC bought a new stake in iShares Global Utilities ETF during the 3rd quarter valued at $7,976,000. Jones Financial Companies Lllp boosted its position in shares of iShares Global Utilities ETF by 5,608.2% during the first quarter. Jones Financial Companies Lllp now owns 56,854 shares of the exchange traded fund’s stock valued at $3,928,000 after purchasing an additional 55,858 shares in the last quarter. Susquehanna International Group LLP grew its position in shares of 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 worth $4,094,000 after buying an additional 37,499 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares Global Utilities ETF by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,988 shares of the exchange traded fund’s stock worth $2,360,000 after buying an additional 230 shares during the period. Finally, Raymond James Financial Inc. grew its holdings in iShares Global Utilities ETF by 4.7% in the third quarter. Raymond James Financial Inc. now owns 27,911 shares of the exchange traded fund’s stock worth $2,168,000 after purchasing an additional 1,243 shares during the period.

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.