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

Shares of iShares Global Utilities ETF (NYSEARCA:JXI) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $83.75 and traded as high as $84.16. iShares Global Utilities ETF shares last traded at $84.06, with a volume of 35,461 shares trading hands.

iShares Global Utilities ETF Stock Up 1.6%

The firm has a 50-day moving average of $80.25 and a two-hundred day moving average of $83.75. The stock has a market capitalization of $353.05 million, a price-to-earnings ratio of 18.56 and a beta of 0.55.

Hedge Funds Weigh In On iShares Global Utilities ETF

Large investors have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its holdings in shares of iShares Global Utilities ETF by 191.2% in the 1st quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock valued at $4,456,000 after purchasing an additional 33,882 shares during the period. NTV Asset Management LLC acquired a new stake in shares of iShares Global Utilities ETF during the third quarter worth approximately $2,842,000. Bank of Nova Scotia boosted its holdings in shares of iShares Global Utilities ETF by 3.3% during the first quarter. Bank of Nova Scotia now owns 30,880 shares of the exchange traded fund’s stock worth $2,666,000 after purchasing an additional 1,000 shares during the period. Solstein Capital LLC boosted its holdings in shares of iShares Global Utilities ETF by 4,539.3% during the second quarter. Solstein Capital LLC now owns 21,341 shares of the exchange traded fund’s stock worth $1,813,000 after purchasing an additional 20,881 shares during the period. Finally, Cumberland Partners Ltd purchased a new position in iShares Global Utilities ETF during the first quarter valued at approximately $1,262,000.

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.