iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Cross Above 200-Day Moving Average – Here’s What Happened

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $79.88 and traded as high as $86.94. iShares Global Utilities ETF shares last traded at $86.66, with a volume of 25,295 shares traded.

iShares Global Utilities ETF Trading Down 1.0%

The stock has a market capitalization of $285.98 million, a P/E ratio of 16.92 and a beta of 0.64. The business has a 50-day moving average price of $82.62 and a 200 day moving average price of $79.88.

Hedge Funds Weigh In On iShares Global Utilities ETF

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of iShares Global Utilities ETF by 1.8% during the third quarter. Envestnet Asset Management Inc. now owns 7,254 shares of the exchange traded fund’s stock valued at $563,000 after buying an additional 131 shares during the last quarter. LOM Asset Management Ltd boosted its holdings in iShares Global Utilities ETF by 2.0% during the 4th quarter. LOM Asset Management Ltd now owns 8,221 shares of the exchange traded fund’s stock valued at $647,000 after acquiring an additional 165 shares during the period. Ameriprise Financial Inc. grew its position in iShares Global Utilities ETF by 0.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 31,988 shares of the exchange traded fund’s stock valued at $2,360,000 after acquiring an additional 230 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in iShares Global Utilities ETF by 3.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,342 shares of the exchange traded fund’s stock worth $735,000 after purchasing an additional 307 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in iShares Global Utilities ETF by 16.9% in the second quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock worth $188,000 after purchasing an additional 368 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. The Fund invests in sectors, such as retailing, media, automobile and components, consumer services, consumer durable and apparel, S-T securities and other.