iShares Global Healthcare ETF (NYSEARCA:IXJ) Reaches New 1-Year High – Time to Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ)’s stock price hit a new 52-week high during trading on Wednesday. The company traded as high as $114.50 and last traded at $113.8810, with a volume of 32,316 shares changing hands. The stock had previously closed at $111.96.

iShares Global Healthcare ETF Stock Performance

The firm has a market capitalization of $4.66 billion, a P/E ratio of 21.58 and a beta of 0.53. The firm has a 50 day moving average price of $105.32 and a two-hundred day moving average price of $99.30.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP grew its stake in iShares Global Healthcare ETF by 9.9% in the second quarter. Allworth Financial LP now owns 1,674 shares of the company’s stock valued at $165,000 after purchasing an additional 151 shares in the last quarter. Front Row Advisors LLC raised its stake in shares of iShares Global Healthcare ETF by 8.0% during the 1st quarter. Front Row Advisors LLC now owns 2,699 shares of the company’s stock worth $252,000 after purchasing an additional 200 shares in the last quarter. Rathbones Group PLC raised its stake in shares of iShares Global Healthcare ETF by 1.1% during the 1st quarter. Rathbones Group PLC now owns 25,741 shares of the company’s stock worth $2,408,000 after purchasing an additional 280 shares in the last quarter. J. R. Prunier Capital Management LLC raised its stake in shares of iShares Global Healthcare ETF by 7.3% during the 1st quarter. J. R. Prunier Capital Management LLC now owns 4,634 shares of the company’s stock worth $433,000 after purchasing an additional 314 shares in the last quarter. Finally, Latitude Advisors LLC acquired a new stake in shares of iShares Global Healthcare ETF during the 3rd quarter valued at about $45,000.

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.