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

iShares Global Healthcare ETF (NYSEARCA:IXJ) reached a new 52-week high during trading on Friday . The company traded as high as $99.48 and last traded at $98.0080, with a volume of 122 shares changing hands. The stock had previously closed at $98.09.

iShares Global Healthcare ETF Stock Performance

The business’s 50 day moving average price is $95.22 and its 200-day moving average price is $89.89. The firm has a market capitalization of $4.39 billion, a PE ratio of 21.58 and a beta of 0.64.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of institutional investors have recently modified their holdings of the company. LOM Asset Management Ltd purchased a new stake in iShares Global Healthcare ETF during the third quarter worth about $26,000. Hantz Financial Services Inc. acquired a new position in shares of iShares Global Healthcare ETF in the second quarter valued at approximately $31,000. Franklin Resources Inc. grew its holdings 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 purchasing an additional 160 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in iShares Global Healthcare ETF during the 2nd quarter worth approximately $39,000. Finally, Strengthening Families & Communities LLC acquired a new stake in iShares Global Healthcare ETF during the 3rd quarter worth approximately $40,000.

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.