iShares Global Utilities ETF (NYSEARCA:JXI) Shares Pass Above 200-Day Moving Average – Should You Sell?

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $84.82 and traded as high as $86.88. iShares Global Utilities ETF shares last traded at $86.33, with a volume of 21,202 shares traded.

iShares Global Utilities ETF Price Performance

The stock has a market cap of $328.05 million, a PE ratio of 16.92 and a beta of 0.60. The business has a fifty day moving average of $84.55 and a 200 day moving average of $84.82.

Hedge Funds Weigh In On iShares Global Utilities ETF

Several institutional investors and hedge funds have recently made changes to their positions in JXI. LPL Financial LLC grew its position in shares of iShares Global Utilities ETF by 181.4% during the fourth quarter. LPL Financial LLC now owns 120,786 shares of the exchange traded fund’s stock worth $9,500,000 after buying an additional 77,865 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Global Utilities ETF by 480,591.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock valued at $4,537,000 after acquiring an additional 57,671 shares in the last quarter. Guardian Partners Inc. bought a new position in iShares Global Utilities ETF during the 4th quarter valued at $4,098,000. Susquehanna International Group LLP boosted its stake in iShares Global Utilities ETF by 246.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,723 shares of the exchange traded fund’s stock valued at $4,094,000 after acquiring an additional 37,499 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in iShares Global Utilities ETF by 191.2% during the 1st quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock worth $4,456,000 after acquiring an additional 33,882 shares in the last quarter.

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.