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

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $83.72 and traded as high as $83.89. iShares Global Utilities ETF shares last traded at $82.93, with a volume of 66,762 shares traded.

iShares Global Utilities ETF Price Performance

The stock has a market cap of $316.31 million, a P/E ratio of 16.92 and a beta of 0.60. The firm’s 50-day moving average is $85.57 and its two-hundred day moving average is $83.73.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. J. Safra Sarasin Holding AG bought a new stake in iShares Global Utilities ETF during the fourth quarter worth approximately $949,000. Barings LLC acquired a new position in iShares Global Utilities ETF during the third quarter valued at approximately $7,976,000. Northwestern Mutual Wealth Management Co. raised its position 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 during the period. Rockefeller Capital Management L.P. raised its position in shares of iShares Global Utilities ETF by 28.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock valued at $141,000 after purchasing an additional 394 shares during the period. Finally, Corient Private Wealth LLC acquired a new stake in shares of iShares Global Utilities ETF in the fourth quarter worth $1,710,000.

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.