iShares Global Utilities ETF (NYSEARCA:JXI) Stock Price Cross Above Two Hundred Day Moving Average – Should You Sell?

iShares Global Utilities ETF (NYSEARCA:JXI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $78.98 and traded as high as $87.76. iShares Global Utilities ETF shares last traded at $87.05, with a volume of 31,919 shares trading hands.

iShares Global Utilities ETF Stock Down 0.0%

The company has a market capitalization of $287.27 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The business has a fifty day simple moving average of $80.41 and a two-hundred day simple moving average of $78.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barings LLC acquired a new position in iShares Global Utilities ETF in the third quarter valued at about $7,976,000. LPL Financial LLC raised its stake in shares of iShares Global Utilities ETF by 181.4% in the fourth quarter. LPL Financial LLC now owns 120,786 shares of the exchange traded fund’s stock valued at $9,500,000 after acquiring an additional 77,865 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Global Utilities ETF by 480,591.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock worth $4,537,000 after acquiring an additional 57,671 shares in the last quarter. Guardian Partners Inc. bought a new stake in iShares Global Utilities ETF during the 4th quarter worth approximately $4,098,000. Finally, Susquehanna International Group LLP grew its position in iShares Global Utilities ETF by 246.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock worth $4,094,000 after acquiring an additional 37,499 shares during the last quarter.

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.