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

Shares of iShares Global Utilities ETF (NYSEARCA:JXI) crossed 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 Trading Up 0.2%

The company has a market capitalization of $323.74 million, a price-to-earnings ratio of 16.92 and a beta of 0.60. The company has a fifty day moving average of $84.55 and a 200-day moving average of $84.82.

Institutional Investors Weigh In On iShares Global Utilities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. LPL Financial LLC grew its holdings 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. lifted its stake in shares of 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 worth $4,537,000 after buying an additional 57,671 shares in the last quarter. Susquehanna International Group LLP grew 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 in the last quarter. Guardian Partners Inc. purchased a new stake in iShares Global Utilities ETF during the 4th quarter valued at about $4,098,000. Finally, Kestra Advisory Services LLC raised its holdings in iShares Global Utilities ETF by 191.2% in the 1st quarter. Kestra Advisory Services LLC now owns 51,605 shares of the exchange traded fund’s stock valued at $4,456,000 after acquiring an additional 33,882 shares during 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.