iShares Global Utilities ETF (NYSEARCA:JXI) Stock Cross Above Two Hundred Day Moving Average – Here’s Why

iShares Global Utilities ETF (NYSEARCA:JXI)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $77.81 and traded as high as $80.18. iShares Global Utilities ETF shares last traded at $79.89, with a volume of 58,887 shares trading hands.

iShares Global Utilities ETF Trading Up 0.3%

The company has a 50 day moving average of $79.42 and a 200-day moving average of $77.81. The firm has a market capitalization of $255.65 million, a P/E ratio of 16.92 and a beta of 0.64.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of hedge funds have recently bought and sold shares of the business. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Global Utilities ETF during the 4th quarter worth approximately $67,000. SBI Securities Co. Ltd. grew its position in iShares Global Utilities ETF by 16.9% during the second quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock worth $188,000 after buying an additional 368 shares in the last quarter. Milestone Asset Management Group LLC bought a new position in iShares Global Utilities ETF during the 3rd quarter worth $214,000. Flow Traders U.S. LLC acquired a new position in iShares Global Utilities ETF in the 2nd quarter valued at $226,000. Finally, Creative Planning lifted its position in shares of iShares Global Utilities ETF by 13.6% during the 3rd quarter. Creative Planning now owns 3,409 shares of the exchange traded fund’s stock valued at $265,000 after acquiring an additional 409 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. The Fund invests in sectors, such as retailing, media, automobile and components, consumer services, consumer durable and apparel, S-T securities and other.