iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 1-Year High – Here’s Why

iShares Global Healthcare ETF (NYSEARCA:IXJ)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $101.78 and last traded at $101.71, with a volume of 129458 shares trading hands. The stock had previously closed at $100.31.

iShares Global Healthcare ETF Trading Up 1.4%

The stock has a market capitalization of $4.76 billion, a PE ratio of 21.58 and a beta of 0.64. The firm has a 50-day moving average price of $99.40 and a 200-day moving average price of $94.42.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Hedge funds have recently modified their holdings of the stock. Fisher Asset Management LLC grew its holdings in iShares Global Healthcare ETF by 8.0% during the fourth quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock valued at $782,375,000 after purchasing an additional 592,677 shares during the period. Bank of America Corp DE grew its stake in shares of iShares Global Healthcare ETF by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock worth $218,639,000 after acquiring an additional 150,774 shares during the period. Phoenix Financial Ltd. grew its stake in shares of iShares Global Healthcare ETF by 77.2% during the 4th quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after acquiring an additional 925,500 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares Global Healthcare ETF by 5,522.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock worth $78,789,000 after acquiring an additional 898,892 shares during the last quarter. Finally, UBS Group AG raised its stake in iShares Global Healthcare ETF by 0.5% in the 4th quarter. UBS Group AG now owns 267,520 shares of the company’s stock valued at $26,056,000 after acquiring an additional 1,321 shares during the period.

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.