iShares Global Healthcare ETF (NYSEARCA:IXJ) Hits New 52-Week High – Here’s Why

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) hit a new 52-week high on Friday . The company traded as high as $99.48 and last traded at $98.0080, with a volume of 122 shares. The stock had previously closed at $98.09.

iShares Global Healthcare ETF Stock Performance

The stock has a market capitalization of $4.40 billion, a P/E ratio of 21.58 and a beta of 0.64. The business has a fifty day simple moving average of $95.35 and a 200-day simple moving average of $89.99.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Large investors have recently bought and sold shares of the stock. Fisher Asset Management LLC increased its stake in iShares Global Healthcare ETF by 7.8% in the third quarter. Fisher Asset Management LLC now owns 7,439,921 shares of the company’s stock valued at $659,326,000 after purchasing an additional 536,127 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares Global Healthcare ETF by 6.3% in the 2nd quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock valued at $218,639,000 after buying an additional 150,774 shares during the period. Ameriprise Financial Inc. increased its position in iShares Global Healthcare ETF by 5,522.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock valued at $78,789,000 after buying an additional 898,892 shares in the last quarter. Royal Bank of Canada raised its stake in iShares Global Healthcare ETF by 2.9% during the 1st quarter. Royal Bank of Canada now owns 260,709 shares of the company’s stock worth $23,777,000 after buying an additional 7,349 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in iShares Global Healthcare ETF by 6.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 237,238 shares of the company’s stock worth $20,424,000 after buying an additional 13,579 shares during the period.

About iShares Global Healthcare ETF

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.