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

Shares of iShares Global Utilities ETF (NYSEARCA:JXI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $76.96 and traded as high as $78.70. iShares Global Utilities ETF shares last traded at $78.70, with a volume of 6,570 shares changing hands.

iShares Global Utilities ETF Trading Up 0.5%

The firm has a market capitalization of $232.17 million, a price-to-earnings ratio of 16.92 and a beta of 0.64. The company’s 50 day moving average is $79.94 and its 200-day moving average is $76.96.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its stake in iShares Global Utilities ETF by 5,608.2% in the 1st quarter. Jones Financial Companies Lllp now owns 56,854 shares of the exchange traded fund’s stock valued at $3,928,000 after acquiring an additional 55,858 shares during the period. Jane Street Group LLC bought a new position in iShares Global Utilities ETF during the first quarter worth $845,000. Nova Wealth Management Inc. increased its holdings in shares of iShares Global Utilities ETF by 257.0% in the first quarter. Nova Wealth Management Inc. now owns 2,538 shares of the exchange traded fund’s stock valued at $175,000 after purchasing an additional 1,827 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Global Utilities ETF in the second quarter valued at $31,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of iShares Global Utilities ETF in the second quarter valued at about $349,000.

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.