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

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $107.92 and last traded at $107.6550, with a volume of 69,415 shares changing hands. The stock had previously closed at $105.06.

iShares Global Healthcare ETF Trading Up 2.7%

The business’s fifty day moving average price is $103.46 and its 200 day moving average price is $98.45. The company has a market capitalization of $4.56 billion, a P/E ratio of 21.58 and a beta of 0.55.

Institutional Trading of iShares Global Healthcare ETF

A number of large investors have recently bought and sold shares of the stock. Meridian Investment Counsel Inc. bought a new position in shares of iShares Global Healthcare ETF during the third quarter valued at $2,415,000. 4WEALTH Advisors Inc. bought a new stake in shares of iShares Global Healthcare ETF in the 3rd quarter worth about $222,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of iShares Global Healthcare ETF in the 3rd quarter worth about $696,000. Farther Finance Advisors LLC grew its holdings in shares of iShares Global Healthcare ETF by 6.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 40,368 shares of the company’s stock worth $4,122,000 after purchasing an additional 2,591 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC acquired a new stake in shares of iShares Global Healthcare ETF during the 3rd quarter worth about $947,000.

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.