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

iShares Global Utilities ETF (NYSEARCA:JXI)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $76.96 and traded as high as $78.70. iShares Global Utilities ETF shares last traded at $78.70, with a volume of 6,570 shares.

iShares Global Utilities ETF Price Performance

The company has a fifty day simple moving average of $79.88 and a 200-day simple moving average of $77.00. The company has a market cap of $232.11 million, a P/E ratio of 16.92 and a beta of 0.64.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of iShares Global Utilities ETF in the 2nd quarter valued at $31,000. Nova Wealth Management Inc. lifted its stake in iShares Global Utilities ETF by 257.0% during the first quarter. Nova Wealth Management Inc. now owns 2,538 shares of the exchange traded fund’s stock valued at $175,000 after buying an additional 1,827 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of iShares Global Utilities ETF by 16.9% in the second quarter. SBI Securities Co. Ltd. now owns 2,546 shares of the exchange traded fund’s stock worth $188,000 after buying an additional 368 shares during the period. Milestone Asset Management Group LLC acquired a new position in shares of iShares Global Utilities ETF in the third quarter worth about $214,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of iShares Global Utilities ETF in the second quarter worth approximately $226,000.

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.