iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 1-Year High – Time to Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $102.20 and last traded at $102.11, with a volume of 24947 shares trading hands. The stock had previously closed at $100.46.

iShares Global Healthcare ETF Price Performance

The firm has a market capitalization of $4.08 billion, a P/E ratio of 21.58 and a beta of 0.57. The business has a 50 day moving average price of $94.89 and a 200 day moving average price of $96.38.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC boosted its position in shares of iShares Global Healthcare ETF by 1.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 5,871 shares of the company’s stock valued at $572,000 after acquiring an additional 99 shares during the period. LOM Asset Management Ltd increased its position in iShares Global Healthcare ETF by 37.0% during the fourth quarter. LOM Asset Management Ltd now owns 407 shares of the company’s stock worth $40,000 after acquiring an additional 110 shares during the period. Farther Finance Advisors LLC increased its position in iShares Global Healthcare ETF by 35.6% during the fourth quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock worth $47,000 after acquiring an additional 127 shares during the period. Captrust Financial Advisors raised its stake in iShares Global Healthcare ETF by 1.0% during the 2nd quarter. Captrust Financial Advisors now owns 12,948 shares of the company’s stock valued at $1,115,000 after purchasing an additional 129 shares during the last quarter. Finally, Tiller Private Wealth Inc. raised its stake in iShares Global Healthcare ETF by 4.6% during the 4th quarter. Tiller Private Wealth Inc. now owns 2,950 shares of the company’s stock valued at $287,000 after purchasing an additional 130 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.