iShares Global Utilities ETF (NYSEARCA:JXI) Stock Pass Above Two Hundred Day Moving Average – What’s Next?

iShares Global Utilities ETF (NYSEARCA:JXI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $67.38 and traded as high as $68.24. iShares Global Utilities ETF shares last traded at $67.44, with a volume of 4,232 shares changing hands.

iShares Global Utilities ETF Stock Performance

The business’s fifty day moving average is $66.76 and its 200-day moving average is $67.38. The firm has a market cap of $159.57 million, a P/E ratio of 17.91 and a beta of 0.66.

Institutional Trading of iShares Global Utilities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in iShares Global Utilities ETF by 12.9% during the 4th quarter. Bank of America Corp DE now owns 21,346 shares of the exchange traded fund’s stock valued at $1,369,000 after purchasing an additional 2,434 shares during the period. Ameriprise Financial Inc. increased its position in shares of iShares Global Utilities ETF by 28.2% during the fourth quarter. Ameriprise Financial Inc. now owns 28,634 shares of the exchange traded fund’s stock worth $1,837,000 after buying an additional 6,303 shares during the period. Susquehanna International Group LLP raised its stake in iShares Global Utilities ETF by 21.1% during the fourth quarter. Susquehanna International Group LLP now owns 37,288 shares of the exchange traded fund’s stock worth $2,392,000 after buying an additional 6,495 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in iShares Global Utilities ETF by 3.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,829 shares of the exchange traded fund’s stock worth $438,000 after buying an additional 240 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC lifted its holdings in iShares Global Utilities ETF by 1.8% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 23,188 shares of the exchange traded fund’s stock valued at $1,488,000 after buying an additional 415 shares during the period.

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.