iShares Global Utilities ETF (NYSEARCA:JXI) Shares Cross Above 200-Day Moving Average – Here’s Why

iShares Global Utilities ETF (NYSEARCA:JXI)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $81.83 and traded as high as $90.09. iShares Global Utilities ETF shares last traded at $89.40, with a volume of 45,231 shares traded.

iShares Global Utilities ETF Trading Up 0.9%

The business has a 50 day moving average of $86.02 and a 200-day moving average of $81.83. The stock has a market cap of $330.78 million, a PE ratio of 16.92 and a beta of 0.65.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its stake in iShares Global Utilities ETF by 1.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 7,254 shares of the exchange traded fund’s stock valued at $563,000 after buying an additional 131 shares in the last quarter. LOM Asset Management Ltd lifted its stake in iShares Global Utilities ETF by 2.0% in the 4th quarter. LOM Asset Management Ltd now owns 8,221 shares of the exchange traded fund’s stock valued at $647,000 after buying an additional 165 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in 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 valued at $2,360,000 after buying an additional 230 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in iShares Global Utilities ETF by 3.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,342 shares of the exchange traded fund’s stock valued at $735,000 after buying an additional 307 shares in the last quarter. Finally, Blair William & Co. IL purchased a new stake in iShares Global Utilities ETF in the 4th quarter valued at approximately $30,000.

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.