iShares Global Utilities ETF (NYSEARCA:JXI) Stock Price Pass Above Two Hundred Day Moving Average – Should You Sell?

iShares Global Utilities ETF (NYSEARCA:JXI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.09 and traded as high as $82.23. iShares Global Utilities ETF shares last traded at $81.98, with a volume of 8,972 shares changing hands.

iShares Global Utilities ETF Trading Up 0.3%

The company’s fifty day moving average price is $79.47 and its two-hundred day moving average price is $78.09. The firm has a market cap of $270.53 million, a P/E ratio of 16.92 and a beta of 0.64.

Institutional Trading of iShares Global Utilities ETF

Several hedge funds have recently modified their holdings of JXI. FSA Wealth Partners Inc. bought a new position in shares of iShares Global Utilities ETF in the second quarter valued at about $782,000. Signature Estate & Investment Advisors LLC grew its holdings in iShares Global Utilities ETF by 1.4% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 23,207 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 315 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in iShares Global Utilities ETF in the 2nd quarter valued at about $349,000. Nova Wealth Management Inc. raised its stake in shares of iShares Global Utilities ETF by 12.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,775 shares of the exchange traded fund’s stock worth $376,000 after acquiring an additional 523 shares during the last quarter. Finally, LOM Asset Management Ltd raised its stake in shares of iShares Global Utilities ETF by 4.7% in the third quarter. LOM Asset Management Ltd now owns 8,056 shares of the exchange traded fund’s stock worth $626,000 after acquiring an additional 364 shares during the last quarter.

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. The Fund invests in sectors, such as retailing, media, automobile and components, consumer services, consumer durable and apparel, S-T securities and other.