iShares Global Healthcare ETF (NYSEARCA:IXJ) Hits New 52-Week High – Here’s What Happened

iShares Global Healthcare ETF (NYSEARCA:IXJ) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $101.78 and last traded at $101.71, with a volume of 129458 shares traded. The stock had previously closed at $100.31.

iShares Global Healthcare ETF Price Performance

The stock’s 50 day simple moving average is $99.30 and its two-hundred day simple moving average is $94.22. The company has a market capitalization of $4.76 billion, a P/E ratio of 21.58 and a beta of 0.64.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Large investors have recently made changes to their positions in the company. LOM Asset Management Ltd bought a new stake in iShares Global Healthcare ETF during the 3rd quarter worth about $26,000. Nvest Wealth Strategies Inc. bought a new stake in shares of iShares Global Healthcare ETF during the fourth quarter worth approximately $30,000. Hantz Financial Services Inc. bought a new stake in shares of iShares Global Healthcare ETF during the second quarter worth approximately $31,000. Franklin Resources Inc. lifted its holdings 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 buying an additional 160 shares during the period. Finally, Arax Advisory Partners bought a new position in iShares Global Healthcare ETF in the fourth quarter valued at approximately $31,000.

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. 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.