iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Cross Above 200-Day Moving Average – Time to Sell?

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $80.70 and traded as high as $86.31. iShares Global Utilities ETF shares last traded at $83.18, with a volume of 38,821 shares changing hands.

iShares Global Utilities ETF Price Performance

The stock’s 50-day moving average is $84.30 and its 200-day moving average is $80.70. The stock has a market cap of $274.49 million, a price-to-earnings ratio of 16.92 and a beta of 0.64.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several hedge funds have recently made changes to their positions in JXI. Envestnet Asset Management Inc. grew its position in shares of iShares Global Utilities ETF by 1.8% in the third quarter. Envestnet Asset Management Inc. now owns 7,254 shares of the exchange traded fund’s stock valued at $563,000 after purchasing an additional 131 shares during the period. LOM Asset Management Ltd boosted 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 worth $647,000 after buying an additional 165 shares during the last quarter. Ameriprise Financial Inc. boosted 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 worth $2,360,000 after buying an additional 230 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings 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 during the period. Finally, Blair William & Co. IL purchased a new stake in iShares Global Utilities ETF in the 4th quarter valued at about $30,000.

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.