Northwestern Mutual Wealth Management Co. Purchases 213,728 Shares of iShares Global Healthcare ETF $IXJ

Northwestern Mutual Wealth Management Co. boosted its position in iShares Global Healthcare ETF (NYSEARCA:IXJ) by 1,206.0% during the 4th quarter, Holdings Channel reports. The fund owned 231,450 shares of the company’s stock after buying an additional 213,728 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Global Healthcare ETF were worth $22,543,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Leo Wealth LLC boosted its holdings in iShares Global Healthcare ETF by 59.1% in the fourth quarter. Leo Wealth LLC now owns 146,798 shares of the company’s stock worth $14,304,000 after acquiring an additional 54,516 shares in the last quarter. Royal Fund Management LLC bought a new position in iShares Global Healthcare ETF in the fourth quarter worth approximately $9,052,000. HighTower Advisors LLC boosted its holdings in iShares Global Healthcare ETF by 4.9% in the third quarter. HighTower Advisors LLC now owns 137,560 shares of the company’s stock worth $12,191,000 after acquiring an additional 6,444 shares in the last quarter. Flow Traders U.S. LLC bought a new position in iShares Global Healthcare ETF in the third quarter worth approximately $4,614,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in iShares Global Healthcare ETF by 18.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,600 shares of the company’s stock worth $4,344,000 after acquiring an additional 6,900 shares in the last quarter.

iShares Global Healthcare ETF Stock Performance

Shares of NYSEARCA:IXJ opened at $93.17 on Wednesday. The business’s 50 day simple moving average is $93.48 and its two-hundred day simple moving average is $96.30. The firm has a market cap of $3.62 billion, a P/E ratio of 21.58 and a beta of 0.58. iShares Global Healthcare ETF has a 52-week low of $82.16 and a 52-week high of $101.78.

iShares Global Healthcare ETF 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.