iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 52-Week High – Time to Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ – Get Free Report) hit a new 52-week high on Wednesday. The stock traded as high as $114.50 and last traded at $113.8810, with a volume of 32,316 shares. The stock had previously closed at $111.96.

iShares Global Healthcare ETF Stock Up 2.5%

The firm has a market cap of $4.74 billion, a PE ratio of 21.58 and a beta of 0.53. The stock has a 50 day moving average price of $105.03 and a two-hundred day moving average price of $99.15.

Institutional Trading of iShares Global Healthcare ETF

Several large investors have recently bought and sold shares of IXJ. Heritage Family Offices LLP purchased a new position in shares of iShares Global Healthcare ETF in the third quarter worth about $54,000. Commonwealth Equity Services LLC purchased a new stake in iShares Global Healthcare ETF in the third quarter valued at approximately $8,753,000. City of London Investment Management Co. Ltd. purchased a new stake in iShares Global Healthcare ETF in the third quarter valued at approximately $1,764,000. Provenance Wealth Advisors LLC purchased a new stake in iShares Global Healthcare ETF in the third quarter valued at approximately $114,000. Finally, Integrity Alliance LLC. acquired a new position in iShares Global Healthcare ETF in the 3rd quarter worth approximately $623,000.

About iShares Global Healthcare ETF

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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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