Bank of America Corp DE Cuts Position in iShares Global Healthcare ETF $IXJ

Bank of America Corp DE trimmed its stake in iShares Global Healthcare ETF (NYSEARCA:IXJ) by 51.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,163,309 shares of the company’s stock after selling 1,256,903 shares during the period. Bank of America Corp DE’s holdings in iShares Global Healthcare ETF were worth $108,816,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in IXJ. NewEdge Advisors LLC boosted its holdings in shares of iShares Global Healthcare ETF by 1,036.3% in the 1st quarter. NewEdge Advisors LLC now owns 2,534 shares of the company’s stock valued at $231,000 after buying an additional 2,311 shares in the last quarter. Franklin Resources Inc. boosted its stake in 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 acquiring an additional 160 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in iShares Global Healthcare ETF in the second quarter valued at approximately $285,000. Cerity Partners LLC grew its holdings in iShares Global Healthcare ETF by 3.5% in the second quarter. Cerity Partners LLC now owns 5,086 shares of the company’s stock worth $438,000 after purchasing an additional 172 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in iShares Global Healthcare ETF in the second quarter worth $957,000.

iShares Global Healthcare ETF Trading Up 1.0%

Shares of IXJ stock opened at $102.28 on Friday. The business’s fifty day simple moving average is $97.93 and its 200-day simple moving average is $96.61. The company has a market cap of $4.18 billion, a PE ratio of 21.58 and a beta of 0.56. iShares Global Healthcare ETF has a 12-month low of $82.95 and a 12-month high of $103.40.

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.