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

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $67.41 and traded as high as $69.68. iShares Global Utilities ETF shares last traded at $69.68, with a volume of 7,517 shares.

iShares Global Utilities ETF Trading Down 5.4 %

The stock has a market cap of $156.20 million, a price-to-earnings ratio of 17.91 and a beta of 0.66. The company’s fifty day moving average is $67.11 and its two-hundred day moving average is $67.41.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth about $45,000. Newbridge Financial Services Group Inc. purchased a new position in iShares Global Utilities ETF in the 4th quarter valued at approximately $48,000. Jones Financial Companies Lllp grew its stake in shares of iShares Global Utilities ETF by 77.9% in the fourth quarter. Jones Financial Companies Lllp now owns 996 shares of the exchange traded fund’s stock worth $64,000 after acquiring an additional 436 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth $132,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of iShares Global Utilities ETF by 3.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,829 shares of the exchange traded fund’s stock valued at $438,000 after acquiring an additional 240 shares in the last quarter.

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.