iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of iShares Global Utilities ETF (NYSEARCA:JXI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $76.32 and traded as high as $81.61. iShares Global Utilities ETF shares last traded at $80.41, with a volume of 22,576 shares trading hands.

iShares Global Utilities ETF Trading Down 1.8%

The company has a market cap of $237.21 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The stock has a 50 day moving average price of $79.97 and a two-hundred day moving average price of $76.32.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JXI. Advisory Services Network LLC grew its position in shares of iShares Global Utilities ETF by 18.8% during the 3rd quarter. Advisory Services Network LLC now owns 4,268 shares of the exchange traded fund’s stock worth $331,000 after buying an additional 675 shares during the period. Susquehanna International Group LLP boosted its stake 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. Flow Traders U.S. LLC boosted its stake in iShares Global Utilities ETF by 129.4% during the 3rd quarter. Flow Traders U.S. LLC now owns 7,021 shares of the exchange traded fund’s stock worth $545,000 after acquiring an additional 3,960 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares Global Utilities ETF by 13.0% during the third quarter. Bank of America Corp DE now owns 23,028 shares of the exchange traded fund’s stock valued at $1,788,000 after purchasing an additional 2,650 shares during the period. Finally, Creative Planning grew its holdings in iShares Global Utilities ETF by 13.6% during the third quarter. Creative Planning now owns 3,409 shares of the exchange traded fund’s stock valued at $265,000 after purchasing an additional 409 shares during the period.

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.