iShares Global Utilities ETF (NYSEARCA:JXI) Shares Cross Above 200-Day Moving Average – Here’s Why

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 $68.29 and traded as high as $73.59. iShares Global Utilities ETF shares last traded at $73.47, with a volume of 10,035 shares traded.

iShares Global Utilities ETF Trading Up 0.4%

The company has a market cap of $187.35 million, a P/E ratio of 17.76 and a beta of 0.62. The stock’s 50 day moving average is $72.10 and its 200-day moving average is $68.29.

Hedge Funds Weigh In On iShares Global Utilities ETF

A number of hedge funds have recently bought and sold shares of the company. Nova Wealth Management Inc. lifted its stake in iShares Global Utilities ETF by 257.0% during the 1st quarter. Nova Wealth Management Inc. now owns 2,538 shares of the exchange traded fund’s stock valued at $175,000 after acquiring an additional 1,827 shares during the period. Jane Street Group LLC purchased a new stake in shares of iShares Global Utilities ETF during the 1st quarter valued at about $845,000. Jones Financial Companies Lllp boosted its holdings in shares of iShares Global Utilities ETF by 5,608.2% during the 1st quarter. Jones Financial Companies Lllp now owns 56,854 shares of the exchange traded fund’s stock valued at $3,928,000 after acquiring an additional 55,858 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of iShares Global Utilities ETF by 2,245.8% during the 1st quarter. GAMMA Investing LLC now owns 16,374 shares of the exchange traded fund’s stock valued at $1,131,000 after acquiring an additional 15,676 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of 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 acquiring an additional 2,434 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.