iShares Global Utilities ETF (NYSEARCA:JXI) Stock Price Pass Above 200 Day Moving Average – Time to Sell?

iShares Global Utilities ETF (NYSEARCA:JXI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $67.20 and traded as high as $67.52. iShares Global Utilities ETF shares last traded at $67.52, with a volume of 4,750 shares changing hands.

iShares Global Utilities ETF Price Performance

The firm has a 50 day simple moving average of $65.35 and a two-hundred day simple moving average of $67.20. The stock has a market cap of $155.30 million, a price-to-earnings ratio of 17.61 and a beta of 0.67.

Hedge Funds Weigh In On iShares Global Utilities ETF

Several hedge funds have recently added to or reduced their stakes in the stock. 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. acquired a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth about $48,000. Jones Financial Companies Lllp raised its position in shares of iShares Global Utilities ETF by 77.9% during the fourth quarter. Jones Financial Companies Lllp now owns 996 shares of the exchange traded fund’s stock worth $64,000 after purchasing an additional 436 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of iShares Global Utilities ETF during the fourth quarter worth about $132,000. Finally, Creative Planning acquired a new stake in shares of iShares Global Utilities ETF during the third quarter worth about $212,000.

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.