Avantax Advisory Services Inc. Cuts Position in iShares Global Utilities ETF (NYSEARCA:JXI)

Avantax Advisory Services Inc. lowered its position in iShares Global Utilities ETF (NYSEARCA:JXI) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,649 shares of the exchange traded fund’s stock after selling 210 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares Global Utilities ETF were worth $1,774,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of iShares Global Utilities ETF in the 4th quarter valued at $132,000. Jones Financial Companies Lllp increased its holdings in 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 valued at $64,000 after buying an additional 436 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in iShares Global Utilities ETF in the fourth quarter valued at $48,000. Finally, GAMMA Investing LLC purchased a new stake in iShares Global Utilities ETF during the 4th quarter worth about $45,000.

iShares Global Utilities ETF Stock Performance

NYSEARCA:JXI opened at $68.53 on Tuesday. iShares Global Utilities ETF has a 1 year low of $56.29 and a 1 year high of $71.41. The stock has a market cap of $157.62 million, a P/E ratio of 17.55 and a beta of 0.66. The stock has a 50-day simple moving average of $66.13 and a 200-day simple moving average of $67.34.

iShares Global Utilities ETF 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.