iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 52-Week High – What’s Next?

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) reached a new 52-week high during trading on Thursday. The stock traded as high as $112.02 and last traded at $111.5810, with a volume of 16,414 shares. The stock had previously closed at $109.36.

iShares Global Healthcare ETF Trading Up 1.8%

The firm has a market cap of $4.60 billion, a P/E ratio of 21.58 and a beta of 0.55. The business has a 50-day moving average price of $104.58 and a 200-day moving average price of $98.90.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of iShares Global Healthcare ETF by 45.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 148,494 shares of the company’s stock worth $14,609,000 after purchasing an additional 46,194 shares during the period. Royal Fund Management LLC lifted its stake in shares of iShares Global Healthcare ETF by 4.8% in the 3rd quarter. Royal Fund Management LLC now owns 101,993 shares of the company’s stock valued at $10,416,000 after purchasing an additional 4,668 shares during the period. Miller Howard Investments Inc. NY acquired a new position in shares of iShares Global Healthcare ETF in the 3rd quarter valued at $8,796,000. FCA Corp TX lifted its stake in shares of iShares Global Healthcare ETF by 1.3% in the 1st quarter. FCA Corp TX now owns 51,406 shares of the company’s stock valued at $4,809,000 after purchasing an additional 678 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Global Healthcare ETF during the third quarter worth $4,881,000.

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.