iShares Global Healthcare ETF (NYSEARCA:IXJ) Sets New 52-Week High – Should You Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJGet Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $107.00 and last traded at $106.97, with a volume of 24208 shares trading hands. The stock had previously closed at $103.91.

iShares Global Healthcare ETF Stock Up 3.5%

The stock’s fifty day moving average price is $99.18 and its 200-day moving average price is $96.77. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 21.58 and a beta of 0.56.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nvest Wealth Strategies Inc. bought a new stake in iShares Global Healthcare ETF during the 4th quarter worth about $30,000. Arax Advisory Partners bought a new position in shares of iShares Global Healthcare ETF in the 4th quarter valued at about $31,000. Franklin Resources Inc. grew its holdings in shares of iShares Global Healthcare ETF by 80.0% in the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of iShares Global Healthcare ETF by 35.6% in the 4th quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares Global Healthcare ETF in the first quarter valued at about $47,000.

iShares Global Healthcare ETF Company Profile

(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.

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