Royal Bank of Canada Sells 16,384 Shares of iShares Global Healthcare ETF $IXJ

Royal Bank of Canada reduced its stake in iShares Global Healthcare ETF (NYSEARCA:IXJ) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 199,252 shares of the company’s stock after selling 16,384 shares during the period. Royal Bank of Canada owned about 0.51% of iShares Global Healthcare ETF worth $18,637,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Waverly Advisors LLC bought a new position in iShares Global Healthcare ETF in the 1st quarter valued at approximately $201,000. FCA Corp TX grew its stake in shares of iShares Global Healthcare ETF by 1.3% during the first quarter. FCA Corp TX now owns 51,406 shares of the company’s stock worth $4,809,000 after buying an additional 678 shares during the last quarter. RMG Wealth Management LLC bought a new stake in shares of iShares Global Healthcare ETF during the first quarter worth $47,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares Global Healthcare ETF by 5.8% during the first quarter. PNC Financial Services Group Inc. now owns 9,142 shares of the company’s stock worth $855,000 after buying an additional 505 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of iShares Global Healthcare ETF by 30.8% during the first quarter. Bessemer Group Inc. now owns 3,365 shares of the company’s stock worth $314,000 after buying an additional 792 shares in the last quarter.

iShares Global Healthcare ETF Stock Performance

Shares of IXJ opened at $101.27 on Friday. iShares Global Healthcare ETF has a 52 week low of $82.16 and a 52 week high of $103.40. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 21.58 and a beta of 0.56. The stock has a fifty day moving average of $97.78 and a 200-day moving average of $96.57.

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.