iShares Global Healthcare ETF (NYSEARCA:IXJ) Hits New 12-Month High – Here’s Why

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ – Get Free Report) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $107.92 and last traded at $107.6550, with a volume of 69,415 shares. The stock had previously closed at $105.06.

iShares Global Healthcare ETF Trading Up 2.7%

The business’s fifty day simple moving average is $103.46 and its two-hundred day simple moving average is $98.45. The stock has a market capitalization of $4.56 billion, a P/E ratio of 21.58 and a beta of 0.55.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IXJ. RMG Wealth Management LLC acquired a new stake in shares of iShares Global Healthcare ETF during the 1st quarter worth approximately $47,000. Titan Wealth CI Ltd acquired a new position in shares of iShares Global Healthcare ETF in the fourth quarter valued at $92,000. Allworth Financial LP raised its stake in shares of iShares Global Healthcare ETF by 9.9% in the second quarter. Allworth Financial LP now owns 1,674 shares of the company’s stock valued at $165,000 after purchasing an additional 151 shares in the last quarter. World Investment Advisors bought a new position in iShares Global Healthcare ETF in the fourth quarter worth $200,000. Finally, 4WEALTH Advisors Inc. bought a new position in iShares Global Healthcare ETF in the third quarter worth $222,000.

About iShares Global Healthcare ETF

(Get Free Report)

iShares Global Healthcare ETF (the Fund), formerly iShares S&P Global Healthcare Sector Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P Global 1200 Healthcare Sector Index (the Index). The Index measures the performance of companies that Standards & Poor’s Financial Services LLC (S&P) deems to be a part of the consumer staples sector of the economy. It is a subset of the S&P Global 1200 Index. Component companies include healthcare providers, biotechnology companies and manufacturers of medical supplies, advanced medical devices and pharmaceuticals.

Further Reading

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