iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Pass Above 200 Day Moving Average – Here’s What Happened

iShares Global Utilities ETF (NYSEARCA:JXI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $78.51 and traded as high as $82.96. iShares Global Utilities ETF shares last traded at $82.91, with a volume of 31,771 shares.

iShares Global Utilities ETF Trading Up 0.7%

The firm has a market cap of $273.60 million, a P/E ratio of 16.92 and a beta of 0.64. The stock’s fifty day moving average is $79.62 and its two-hundred day moving average is $78.51.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of JXI. Signature Estate & Investment Advisors LLC boosted its holdings in iShares Global Utilities ETF by 1.4% in the second quarter. Signature Estate & Investment Advisors LLC now owns 23,207 shares of the exchange traded fund’s stock worth $1,712,000 after purchasing an additional 315 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of iShares Global Utilities ETF during the 2nd quarter valued at $349,000. Nova Wealth Management Inc. boosted its stake in shares of iShares Global Utilities ETF by 12.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,775 shares of the exchange traded fund’s stock worth $376,000 after buying an additional 523 shares during the last quarter. LOM Asset Management Ltd grew its holdings 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 period. Finally, Barings LLC purchased a new stake in iShares Global Utilities ETF during the third quarter valued at $7,976,000.

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