Northwestern Mutual Wealth Management Co. Has $4.54 Million Position in iShares Global Utilities ETF $JXI

Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Global Utilities ETF (NYSEARCA:JXI) by 480,591.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 57,683 shares of the exchange traded fund’s stock after purchasing an additional 57,671 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Global Utilities ETF were worth $4,537,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sava Infond d.o.o. acquired a new position in shares of iShares Global Utilities ETF during the fourth quarter worth about $63,000. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Global Utilities ETF during the fourth quarter worth about $67,000. Flow Traders U.S. LLC acquired a new position in shares of iShares Global Utilities ETF during the second quarter worth about $226,000. Creative Planning boosted its position in shares of iShares Global Utilities ETF by 13.6% during the third quarter. Creative Planning now owns 3,409 shares of the exchange traded fund’s stock worth $265,000 after buying an additional 409 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of iShares Global Utilities ETF by 70.4% during the third quarter. Jones Financial Companies Lllp now owns 3,839 shares of the exchange traded fund’s stock worth $296,000 after buying an additional 1,586 shares during the period.

iShares Global Utilities ETF Price Performance

JXI stock opened at $85.72 on Friday. The stock has a market capitalization of $325.74 million, a P/E ratio of 16.92 and a beta of 0.63. The business has a 50-day moving average of $86.45 and a 200-day moving average of $83.28. iShares Global Utilities ETF has a fifty-two week low of $71.50 and a fifty-two week high of $90.09.

iShares Global Utilities ETF 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.