iShares Global Utilities ETF (NYSEARCA:JXI) Share Price Cross Above Two Hundred Day Moving Average – Here’s What Happened

iShares Global Utilities ETF (NYSEARCA:JXI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $83.88 and traded as high as $85.56. iShares Global Utilities ETF shares last traded at $85.30, with a volume of 48,076 shares.

iShares Global Utilities ETF Trading Up 0.3%

The company has a market capitalization of $324.98 million, a P/E ratio of 16.92 and a beta of 0.60. The stock has a 50 day moving average price of $85.05 and a 200 day moving average price of $83.89.

Hedge Funds Weigh In On iShares Global Utilities ETF

Large investors have recently bought and sold shares of the company. J. Safra Sarasin Holding AG bought a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth about $949,000. Northwestern Mutual Wealth Management Co. boosted its position in iShares Global Utilities ETF by 480,591.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 57,683 shares of the exchange traded fund’s stock worth $4,537,000 after buying an additional 57,671 shares during the period. Janney Montgomery Scott LLC boosted its position in iShares Global Utilities ETF by 20.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 10,926 shares of the exchange traded fund’s stock worth $943,000 after buying an additional 1,870 shares during the period. Rockefeller Capital Management L.P. grew its holdings in iShares Global Utilities ETF by 28.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,790 shares of the exchange traded fund’s stock worth $141,000 after acquiring an additional 394 shares during the last quarter. Finally, Corient Private Wealth LLC bought a new stake in iShares Global Utilities ETF during the 4th quarter worth approximately $1,710,000.

iShares Global Utilities ETF Company 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.