iShares Global Healthcare ETF (NYSEARCA:IXJ) Sets New 12-Month High – Should You Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $97.44 and last traded at $97.4680, with a volume of 134704 shares trading hands. The stock had previously closed at $94.88.

iShares Global Healthcare ETF Stock Up 2.1%

The firm has a market cap of $4.34 billion, a P/E ratio of 21.58 and a beta of 0.64. The firm’s fifty day moving average is $91.49 and its two-hundred day moving average is $87.90.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. LOM Asset Management Ltd bought a new position in iShares Global Healthcare ETF in the third quarter worth $26,000. Harbour Investments Inc. increased its stake in shares of iShares Global Healthcare ETF by 98.8% in the 1st quarter. Harbour Investments Inc. now owns 340 shares of the company’s stock worth $31,000 after acquiring an additional 169 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of iShares Global Healthcare ETF in the 2nd quarter worth about $31,000. Franklin Resources Inc. lifted its position in iShares Global Healthcare ETF by 80.0% during the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after acquiring an additional 160 shares during the period. Finally, Atlantic Union Bankshares Corp purchased a new position in iShares Global Healthcare ETF during the 2nd quarter valued at about $39,000.

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.