iShares Global Healthcare ETF (NYSEARCA:IXJ) Sets New 1-Year High – Should You Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $103.02 and last traded at $103.02, with a volume of 14264 shares changing hands. The stock had previously closed at $100.50.

iShares Global Healthcare ETF Stock Performance

The company has a market cap of $4.17 billion, a PE ratio of 21.58 and a beta of 0.57. The business’s 50-day moving average is $96.67 and its 200 day moving average is $96.49.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in iShares Global Healthcare ETF by 1,036.3% during the 1st quarter. NewEdge Advisors LLC now owns 2,534 shares of the company’s stock valued at $231,000 after acquiring an additional 2,311 shares during the period. Franklin Resources Inc. increased its stake in iShares Global Healthcare ETF by 80.0% in the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the period. Hsbc Holdings PLC purchased a new position in iShares Global Healthcare ETF in the 2nd quarter worth approximately $285,000. Cerity Partners LLC lifted its position in iShares Global Healthcare ETF by 3.5% in the second quarter. Cerity Partners LLC now owns 5,086 shares of the company’s stock valued at $438,000 after purchasing an additional 172 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in iShares Global Healthcare ETF in the second quarter valued at approximately $957,000.

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.