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

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

iShares Global Utilities ETF Stock Performance

The company has a market capitalization of $288.92 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The stock’s fifty day simple moving average is $85.32 and its two-hundred day simple moving average is $81.38.

Institutional Investors Weigh In On iShares Global Utilities ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Barings LLC acquired a new position in shares of iShares Global Utilities ETF in the 3rd quarter worth $7,976,000. LPL Financial LLC boosted its position in shares of 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 valued at $9,500,000 after purchasing an additional 77,865 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 valued at $4,537,000 after purchasing an additional 57,671 shares during the period. Guardian Partners Inc. purchased a new position in iShares Global Utilities ETF in the 4th quarter worth about $4,098,000. Finally, Susquehanna International Group LLP increased its stake in iShares Global Utilities ETF by 246.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock worth $4,094,000 after purchasing an additional 37,499 shares in 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.