iShares Global Healthcare ETF (NYSEARCA:IXJ) Hits New 12-Month High – Still a Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJGet Free Report) hit a new 52-week high on Monday . The company traded as high as $103.42 and last traded at $103.25, with a volume of 48417 shares. The stock had previously closed at $102.28.

iShares Global Healthcare ETF Trading Up 0.9%

The company has a 50 day moving average of $97.93 and a 200-day moving average of $96.60. The firm has a market capitalization of $4.21 billion, a P/E ratio of 21.58 and a beta of 0.56.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its position in shares of iShares Global Healthcare ETF by 1.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 5,871 shares of the company’s stock valued at $572,000 after buying an additional 99 shares during the last quarter. LOM Asset Management Ltd grew its holdings in iShares Global Healthcare ETF by 37.0% during the fourth quarter. LOM Asset Management Ltd now owns 407 shares of the company’s stock valued at $40,000 after purchasing an additional 110 shares during the period. Farther Finance Advisors LLC grew its stake in shares of iShares Global Healthcare ETF by 35.6% during the 4th quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock worth $47,000 after acquiring an additional 127 shares during the period. Captrust Financial Advisors increased its stake in shares of iShares Global Healthcare ETF by 1.0% in the second quarter. Captrust Financial Advisors now owns 12,948 shares of the company’s stock worth $1,115,000 after purchasing an additional 129 shares in the last quarter. Finally, Advisory Services Network LLC boosted its holdings in shares of iShares Global Healthcare ETF by 1.6% in the third quarter. Advisory Services Network LLC now owns 8,900 shares of the company’s stock worth $789,000 after acquiring an additional 144 shares during the period.

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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