iShares Global Healthcare ETF (NYSEARCA:IXJ) Sets New 52-Week High – Should You Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ) reached a new 52-week high on Wednesday . The stock traded as high as $107.00 and last traded at $106.97, with a volume of 24208 shares. The stock had previously closed at $103.91.

iShares Global Healthcare ETF Stock Performance

The stock has a market cap of $4.39 billion, a P/E ratio of 21.58 and a beta of 0.56. The firm has a 50 day moving average of $99.18 and a two-hundred day moving average of $96.77.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Hedge funds have recently modified their holdings of the business. Fosun International Ltd acquired a new position in shares of iShares Global Healthcare ETF during the fourth quarter valued at about $630,000. Northwestern Mutual Wealth Management Co. grew its position in iShares Global Healthcare ETF by 32.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 23,388 shares of the company’s stock worth $2,278,000 after buying an additional 5,666 shares in the last quarter. Phoenix Financial Ltd. grew its position in iShares Global Healthcare ETF by 77.2% during the fourth 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 in the last quarter. Readystate Asset Management LP bought a new position in iShares Global Healthcare ETF during the first quarter valued at about $732,000. Finally, Hamilton Wealth LLC increased its stake in iShares Global Healthcare ETF by 93.4% during the fourth quarter. Hamilton Wealth LLC now owns 95,799 shares of the company’s stock valued at $9,331,000 after acquiring an additional 46,269 shares during the period.

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.