iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 12-Month High – What’s Next?

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

iShares Global Healthcare ETF Trading Down 0.4%

The stock has a fifty day moving average price of $97.04 and a 200 day moving average price of $96.52. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 21.58 and a beta of 0.57.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IXJ. Fisher Asset Management LLC boosted its holdings in shares of iShares Global Healthcare ETF by 8.0% during the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock worth $782,375,000 after buying an additional 592,677 shares during the period. Bank of America Corp DE raised its holdings in 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 worth $218,639,000 after acquiring an additional 150,774 shares during the period. Phoenix Financial Ltd. raised its holdings in iShares Global Healthcare ETF by 77.2% in the 4th quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after acquiring an additional 925,500 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Global Healthcare ETF by 5,522.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock worth $78,789,000 after acquiring an additional 898,892 shares during the last quarter. Finally, UBS Group AG lifted its position in iShares Global Healthcare ETF by 0.5% during the 4th quarter. UBS Group AG now owns 267,520 shares of the company’s stock worth $26,056,000 after acquiring an additional 1,321 shares during the last quarter.

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.