iShares Global Healthcare ETF (NYSEARCA:IXJ) Hits New 52-Week High – What’s Next?

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $101.27 and last traded at $101.1990, with a volume of 21576 shares changing hands. The stock had previously closed at $100.14.

iShares Global Healthcare ETF Price Performance

The company has a fifty day moving average price of $98.51 and a 200 day moving average price of $93.22. The company has a market cap of $4.72 billion, a PE ratio of 21.58 and a beta of 0.64.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Institutional investors have recently made changes to their positions in the stock. LOM Asset Management Ltd purchased a new stake in iShares Global Healthcare ETF during the third quarter valued at about $26,000. Nvest Wealth Strategies Inc. purchased a new position in shares of iShares Global Healthcare ETF in the 4th quarter worth about $30,000. Hantz Financial Services Inc. bought a new position in shares of iShares Global Healthcare ETF during the 2nd quarter valued at about $31,000. Franklin Resources Inc. raised its holdings in shares of iShares Global Healthcare ETF by 80.0% during the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after buying an additional 160 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in iShares Global Healthcare ETF in the 2nd quarter worth approximately $39,000.

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.