iShares Global Healthcare ETF (NYSEARCA:IXJ) Sets New 12-Month High – Here’s Why

iShares Global Healthcare ETF (NYSEARCA:IXJ) hit a new 52-week high during trading on Wednesday . The company traded as high as $107.00 and last traded at $106.97, with a volume of 24208 shares trading hands. The stock had previously closed at $103.91.

iShares Global Healthcare ETF Price Performance

The company has a market cap of $4.32 billion, a price-to-earnings ratio of 21.58 and a beta of 0.56. The business’s 50-day simple moving average is $99.60 and its 200-day simple moving average is $96.88.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Nvest Wealth Strategies Inc. acquired a new stake in iShares Global Healthcare ETF during the 4th quarter valued at $30,000. Franklin Resources Inc. lifted its position in shares of iShares Global Healthcare ETF by 80.0% in the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares in the last quarter. Arax Advisory Partners purchased a new stake in shares of iShares Global Healthcare ETF in the fourth quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in shares of iShares Global Healthcare ETF by 35.6% during the fourth quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares Global Healthcare ETF during the first quarter valued at $47,000.

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.