Clearstead Advisors LLC Trims Stake in iShares Global Utilities ETF $JXI

Clearstead Advisors LLC cut its position in iShares Global Utilities ETF (NYSEARCA:JXI) by 31.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,885 shares of the exchange traded fund’s stock after selling 5,779 shares during the quarter. Clearstead Advisors LLC owned approximately 0.44% of iShares Global Utilities ETF worth $1,001,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Barings LLC acquired a new stake in shares of iShares Global Utilities ETF in the third quarter valued at approximately $7,976,000. Envestnet Asset Management Inc. increased its holdings in shares of 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 acquiring an additional 131 shares during the period. Jones Financial Companies Lllp raised its position in iShares Global Utilities ETF by 70.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,839 shares of the exchange traded fund’s stock valued at $296,000 after purchasing an additional 1,586 shares during the last quarter. Milestone Asset Management Group LLC acquired a new stake in iShares Global Utilities ETF during the 3rd quarter worth $214,000. Finally, Eagle Strategies LLC purchased a new position in iShares Global Utilities ETF during the 3rd quarter worth $407,000.

iShares Global Utilities ETF Stock Performance

NYSEARCA JXI opened at $89.01 on Thursday. The firm’s fifty day moving average is $81.45 and its two-hundred day moving average is $79.41. iShares Global Utilities ETF has a one year low of $63.46 and a one year high of $89.09. The firm has a market cap of $293.73 million, a PE ratio of 16.92 and a beta of 0.64.

iShares Global Utilities ETF 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.