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

iShares Global Utilities ETF (NYSEARCA:JXI – Get Free Report) 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 Trading Up 1.6%

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

Institutional Trading of iShares Global Utilities ETF

A number of hedge funds have recently bought and sold shares of JXI. StoneX Group Inc. acquired a new position in iShares Global Utilities ETF in the 3rd quarter worth approximately $207,000. Kestra Advisory Services LLC grew its position in iShares Global Utilities ETF by 122.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 50,401 shares of the exchange traded fund’s stock worth $3,875,000 after purchasing an additional 27,735 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in iShares Global Utilities ETF during the 3rd quarter worth approximately $230,000. Miller Howard Investments Inc. NY acquired a new stake in iShares Global Utilities ETF during the 3rd quarter valued at $329,000. Finally, NTV Asset Management LLC acquired a new stake in iShares Global Utilities ETF during the 3rd quarter valued at $2,842,000.

iShares Global Utilities ETF Company Profile

(Get Free Report)

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.

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