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

iShares Global Utilities ETF (NYSEARCA:JXI) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.69 and traded as high as $67.43. iShares Global Utilities ETF shares last traded at $67.08, with a volume of 29,924 shares.

iShares Global Utilities ETF Price Performance

The company’s fifty day simple moving average is $69.03 and its two-hundred day simple moving average is $64.69. The stock has a market cap of $140.87 million, a price-to-earnings ratio of 22.67 and a beta of 0.51.

Institutional Trading of iShares Global Utilities ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. GPS Wealth Strategies Group LLC purchased a new stake in shares of iShares Global Utilities ETF in the second quarter valued at about $35,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares Global Utilities ETF in the second quarter valued at about $138,000. Creative Planning purchased a new stake in shares of iShares Global Utilities ETF in the third quarter valued at about $212,000. Cowa LLC purchased a new stake in shares of iShares Global Utilities ETF in the second quarter valued at about $239,000. Finally, Cetera Advisors LLC purchased a new stake in shares of iShares Global Utilities ETF in the first quarter valued at about $291,000.

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.