iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Cross Above Two Hundred Day Moving Average – What’s Next?

iShares Global Utilities ETF (NYSEARCA:JXI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $80.70 and traded as high as $86.31. iShares Global Utilities ETF shares last traded at $83.18, with a volume of 38,821 shares changing hands.

iShares Global Utilities ETF Stock Down 3.9%

The stock has a 50 day simple moving average of $84.30 and a 200 day simple moving average of $80.70. The company has a market cap of $274.49 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 and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL purchased a new position in iShares Global Utilities ETF in the 4th quarter worth approximately $30,000. Sava Infond d.o.o. acquired a new stake in iShares Global Utilities ETF in the fourth quarter valued at approximately $63,000. Flagship Harbor Advisors LLC purchased a new stake in shares of iShares Global Utilities ETF during the fourth quarter valued at approximately $67,000. Rockefeller Capital Management L.P. lifted its position in shares of iShares Global Utilities ETF by 28.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock worth $141,000 after purchasing an additional 394 shares in the last quarter. Finally, Milestone Asset Management Group LLC acquired a new position in shares of iShares Global Utilities ETF during the third quarter worth $214,000.

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. The Fund invests in sectors, such as retailing, media, automobile and components, consumer services, consumer durable and apparel, S-T securities and other.