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

Shares of iShares Global Utilities ETF (NYSEARCA:JXI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $67.38 and traded as high as $68.24. iShares Global Utilities ETF shares last traded at $67.44, with a volume of 4,232 shares traded.

iShares Global Utilities ETF Price Performance

The company has a market cap of $158.48 million, a PE ratio of 17.91 and a beta of 0.66. The business’s 50 day moving average is $66.65 and its 200-day moving average is $67.38.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position in shares of iShares Global Utilities ETF by 77.9% during the fourth quarter. Jones Financial Companies Lllp now owns 996 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 436 shares during the last quarter. GAMMA Investing LLC acquired a new stake in iShares Global Utilities ETF during the 4th quarter worth $45,000. Newbridge Financial Services Group Inc. acquired a new stake in iShares Global Utilities ETF during the 4th quarter worth $48,000. SBI Securities Co. Ltd. purchased a new position in iShares Global Utilities ETF during the 4th quarter worth $132,000. Finally, Bank of America Corp DE increased its stake in iShares Global Utilities ETF by 12.9% in the fourth quarter. Bank of America Corp DE now owns 21,346 shares of the exchange traded fund’s stock valued at $1,369,000 after purchasing an additional 2,434 shares during the period.

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.