iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Pass Above 200 Day Moving Average – Here’s What Happened

Shares of iShares Global Utilities ETF (NYSEARCA:JXI) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $77.81 and traded as high as $80.18. iShares Global Utilities ETF shares last traded at $79.89, with a volume of 58,887 shares trading hands.

iShares Global Utilities ETF Stock Up 0.3%

The company has a 50 day moving average price of $79.42 and a 200-day moving average price of $77.81. The company has a market cap of $255.65 million, a price-to-earnings ratio of 16.92 and a beta of 0.64.

Hedge Funds Weigh In On iShares Global Utilities ETF

Hedge funds have recently modified their holdings of the business. FSA Wealth Partners Inc. bought a new stake in shares of iShares Global Utilities ETF in the 2nd quarter valued at about $782,000. Signature Estate & Investment Advisors LLC lifted its stake in shares of iShares Global Utilities ETF by 1.4% in the second quarter. Signature Estate & Investment Advisors LLC now owns 23,207 shares of the exchange traded fund’s stock worth $1,712,000 after acquiring an additional 315 shares during the period. Janney Montgomery Scott LLC bought a new stake in iShares Global Utilities ETF in the second quarter valued at approximately $349,000. Nova Wealth Management Inc. increased its position in iShares Global Utilities ETF by 12.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,775 shares of the exchange traded fund’s stock valued at $376,000 after purchasing an additional 523 shares during the period. Finally, LOM Asset Management Ltd raised its holdings in iShares Global Utilities ETF by 4.7% during the 3rd quarter. LOM Asset Management Ltd now owns 8,056 shares of the exchange traded fund’s stock worth $626,000 after purchasing an additional 364 shares during the last quarter.

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.