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

iShares Global Utilities ETF (NYSEARCA:JXI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $81.34 and traded as high as $87.39. iShares Global Utilities ETF shares last traded at $87.11, with a volume of 85,460 shares traded.

iShares Global Utilities ETF Price Performance

The firm has a 50-day moving average of $85.17 and a 200-day moving average of $81.34. The stock has a market cap of $287.46 million, a PE ratio of 16.92 and a beta of 0.64.

Institutional Investors Weigh In On iShares Global Utilities ETF

A number of institutional investors have recently added to or reduced their stakes in JXI. Blair William & Co. IL purchased a new position in shares of iShares Global Utilities ETF in the fourth quarter worth $30,000. Sava Infond d.o.o. purchased a new position in iShares Global Utilities ETF during the fourth quarter valued at $63,000. Flagship Harbor Advisors LLC bought a new stake in iShares Global Utilities ETF in the 4th quarter valued at $67,000. Rockefeller Capital Management L.P. increased its holdings in iShares Global Utilities ETF by 28.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock valued at $141,000 after acquiring an additional 394 shares during the last quarter. Finally, Milestone Asset Management Group LLC purchased a new stake in iShares Global Utilities ETF in the 3rd quarter worth $214,000.

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.