iShares Global Healthcare ETF (NYSEARCA:IXJ) Hits New 1-Year High – Here’s Why

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $103.42 and last traded at $103.25, with a volume of 48417 shares trading hands. The stock had previously closed at $102.28.

iShares Global Healthcare ETF Trading Up 0.9%

The stock’s 50 day moving average price is $97.93 and its 200 day moving average price is $96.60. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 21.58 and a beta of 0.56.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IXJ. Phoenix Financial Ltd. lifted its stake in shares of iShares Global Healthcare ETF by 77.2% during the 4th quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after buying an additional 925,500 shares during the last quarter. Ameriprise Financial Inc. grew its stake 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 during the last quarter. Fisher Asset Management LLC raised its holdings in iShares Global Healthcare ETF by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock valued at $782,375,000 after acquiring an additional 592,677 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Global Healthcare ETF by 1,206.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 231,450 shares of the company’s stock valued at $22,543,000 after acquiring an additional 213,728 shares during the period. Finally, Bank of America Corp DE lifted its position in iShares Global Healthcare ETF by 6.3% during the second quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock worth $218,639,000 after acquiring an additional 150,774 shares during the last quarter.

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.