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

iShares Global Healthcare ETF (NYSEARCA:IXJ)’s share price hit a new 52-week low on Friday . The stock traded as low as $85.11 and last traded at $85.85, with a volume of 111648 shares trading hands. The stock had previously closed at $89.66.

iShares Global Healthcare ETF Trading Down 5.6 %

The firm has a market capitalization of $3.70 billion, a P/E ratio of 28.29 and a beta of 0.69. The business’s fifty day moving average is $91.68 and its 200 day moving average is $91.99.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC acquired a new stake in shares of iShares Global Healthcare ETF in the 4th quarter valued at $1,610,000. Union Bancaire Privee UBP SA acquired a new position in iShares Global Healthcare ETF during the fourth quarter worth approximately $375,000. Savant Capital LLC raised its holdings in iShares Global Healthcare ETF by 5.5% in the 4th quarter. Savant Capital LLC now owns 3,225 shares of the company’s stock valued at $277,000 after acquiring an additional 168 shares during the period. FMR LLC grew its stake in shares of iShares Global Healthcare ETF by 10.7% in the third quarter. FMR LLC now owns 13,087 shares of the company’s stock valued at $1,285,000 after acquiring an additional 1,269 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of iShares Global Healthcare ETF by 11.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 32,890 shares of the company’s stock valued at $3,229,000 after acquiring an additional 3,260 shares during the period.

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.