iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 12-Month High – Should You Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $109.19 and last traded at $109.10, with a volume of 151,957 shares traded. The stock had previously closed at $106.43.

iShares Global Healthcare ETF Trading Up 1.4%

The company has a market cap of $4.66 billion, a P/E ratio of 21.58 and a beta of 0.55. The stock’s 50 day moving average is $104.11 and its 200-day moving average is $99.08.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IXJ. Allworth Financial LP grew its holdings in shares of iShares Global Healthcare ETF by 9.9% during the second quarter. Allworth Financial LP now owns 1,674 shares of the company’s stock valued at $165,000 after buying an additional 151 shares during the last quarter. Front Row Advisors LLC increased its position in shares of iShares Global Healthcare ETF by 8.0% during the first quarter. Front Row Advisors LLC now owns 2,699 shares of the company’s stock valued at $252,000 after acquiring an additional 200 shares in the last quarter. Rathbones Group PLC increased its position in shares of iShares Global Healthcare ETF by 1.1% during the first quarter. Rathbones Group PLC now owns 25,741 shares of the company’s stock valued at $2,408,000 after acquiring an additional 280 shares in the last quarter. J. R. Prunier Capital Management LLC increased its position in shares of iShares Global Healthcare ETF by 7.3% during the first quarter. J. R. Prunier Capital Management LLC now owns 4,634 shares of the company’s stock valued at $433,000 after acquiring an additional 314 shares in the last quarter. Finally, D.A. Davidson & CO. increased its position in shares of iShares Global Healthcare ETF by 3.4% during the first quarter. D.A. Davidson & CO. now owns 13,296 shares of the company’s stock valued at $1,244,000 after acquiring an additional 442 shares in 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.