iShares Global Healthcare ETF (NYSEARCA:IXJ – Get Free Report) shares saw strong trading volume on Wednesday. Approximately 818,121 shares changed hands during trading, an increase of 216% from the average daily volume of 259,036 shares. The stock last traded at $109.5020 and had previously closed at $109.25.
iShares Global Healthcare ETF Stock Up 0.8%
The company has a 50 day simple moving average of $104.67 and a 200-day simple moving average of $98.96. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 21.58 and a beta of 0.55.
Institutional Investors Weigh In On iShares Global Healthcare ETF
A number of hedge funds and other institutional investors have recently modified their holdings of IXJ. Envestnet Asset Management Inc. lifted its stake in shares of iShares Global Healthcare ETF by 45.2% in the second quarter. Envestnet Asset Management Inc. now owns 148,494 shares of the company’s stock worth $14,609,000 after buying an additional 46,194 shares during the last quarter. Royal Fund Management LLC raised its position in iShares Global Healthcare ETF by 4.8% in the third quarter. Royal Fund Management LLC now owns 101,993 shares of the company’s stock worth $10,416,000 after purchasing an additional 4,668 shares in the last quarter. Miller Howard Investments Inc. NY acquired a new stake in iShares Global Healthcare ETF during the third quarter valued at approximately $8,796,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Global Healthcare ETF in the 3rd quarter worth approximately $4,881,000. Finally, FCA Corp TX boosted its stake in iShares Global Healthcare ETF by 1.3% in the 1st quarter. FCA Corp TX now owns 51,406 shares of the company’s stock valued at $4,809,000 after buying an additional 678 shares in the last quarter.
iShares Global Healthcare ETF Company Profile
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.
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