Slow Capital Inc. Cuts Stake in iShares Global Healthcare ETF $IXJ

Slow Capital Inc. lessened its stake in shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) by 64.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,839 shares of the company’s stock after selling 5,070 shares during the quarter. Slow Capital Inc.’s holdings in iShares Global Healthcare ETF were worth $252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of iShares Global Healthcare ETF by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,524 shares of the company’s stock valued at $509,000 after acquiring an additional 392 shares during the period. First Horizon Corp purchased a new position in iShares Global Healthcare ETF in the third quarter valued at approximately $106,000. Valmark Advisers Inc. purchased a new position in iShares Global Healthcare ETF in the third quarter valued at approximately $220,000. HB Wealth Management LLC bought a new position in iShares Global Healthcare ETF during the third quarter valued at $203,000. Finally, Gladstone Institutional Advisory LLC grew its holdings in iShares Global Healthcare ETF by 22.3% during the third quarter. Gladstone Institutional Advisory LLC now owns 6,652 shares of the company’s stock valued at $589,000 after purchasing an additional 1,215 shares during the period.

iShares Global Healthcare ETF Price Performance

Shares of IXJ opened at $98.87 on Tuesday. The firm has a market cap of $4.67 billion, a PE ratio of 21.58 and a beta of 0.64. The stock’s fifty day moving average price is $97.52 and its two-hundred day moving average price is $91.46. iShares Global Healthcare ETF has a 1 year low of $80.68 and a 1 year high of $100.98.

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.