iShares Global Healthcare ETF (NYSEARCA:IXJ) Sets New 1-Year High – What’s Next?

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) reached a new 52-week high during trading on Tuesday . The stock traded as high as $99.71 and last traded at $99.4320, with a volume of 174501 shares changing hands. The stock had previously closed at $97.74.

iShares Global Healthcare ETF Trading Up 1.6%

The stock’s 50 day moving average is $95.95 and its two-hundred day moving average is $90.49. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 21.58 and a beta of 0.64.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IXJ. Fisher Asset Management LLC raised its stake in shares of iShares Global Healthcare ETF by 7.8% during the third quarter. Fisher Asset Management LLC now owns 7,439,921 shares of the company’s stock worth $659,326,000 after purchasing an additional 536,127 shares during the last quarter. Bank of America Corp DE increased its stake 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 valued at $218,639,000 after buying an additional 150,774 shares during the period. Ameriprise Financial Inc. raised 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 buying an additional 898,892 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of iShares Global Healthcare ETF by 2.9% in the 1st quarter. Royal Bank of Canada now owns 260,709 shares of the company’s stock worth $23,777,000 after acquiring an additional 7,349 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of iShares Global Healthcare ETF by 6.1% in the second quarter. Envestnet Asset Management Inc. now owns 237,238 shares of the company’s stock valued at $20,424,000 after acquiring an additional 13,579 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.