iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 52-Week High – What’s Next?

iShares Global Healthcare ETF (NYSEARCA:IXJ)’s share price reached a new 52-week high on Thursday. The stock traded as high as $112.02 and last traded at $111.5810, with a volume of 16,414 shares changing hands. The stock had previously closed at $109.36.

iShares Global Healthcare ETF Stock Up 1.8%

The firm has a market cap of $4.60 billion, a PE ratio of 21.58 and a beta of 0.55. The stock has a 50-day simple moving average of $104.58 and a two-hundred day simple moving average of $98.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Latitude Advisors LLC purchased a new stake in iShares Global Healthcare ETF in the 3rd quarter worth approximately $45,000. RMG Wealth Management LLC bought a new position in shares of iShares Global Healthcare ETF in the 1st quarter valued at about $47,000. NFSG Corp lifted its position in iShares Global Healthcare ETF by 280.5% in the third quarter. NFSG Corp now owns 723 shares of the company’s stock worth $74,000 after buying an additional 533 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of iShares Global Healthcare ETF by 9.9% in the 2nd quarter. Allworth Financial LP now owns 1,674 shares of the company’s stock worth $165,000 after acquiring an additional 151 shares during the last quarter. Finally, Gemmer Asset Management LLC bought a new stake in shares of iShares Global Healthcare ETF in the 3rd quarter worth about $204,000.

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.