iShares Global Utilities ETF (NYSEARCA:JXI) Stock Pass Above 200-Day Moving Average – Here’s Why

iShares Global Utilities ETF (NYSEARCA:JXI) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $81.34 and traded as high as $87.39. iShares Global Utilities ETF shares last traded at $87.11, with a volume of 85,460 shares changing hands.

iShares Global Utilities ETF Price Performance

The stock has a 50-day moving average price of $85.17 and a two-hundred day moving average price of $81.34. The stock has a market cap of $287.46 million, a PE ratio of 16.92 and a beta of 0.64.

Hedge Funds Weigh In On iShares Global Utilities ETF

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

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.