The iShares Global Healthcare ETF (NYSEARCA:IXJ) saw its shares reach a new 52-week high on Thursday, trading as high as $94.35. The stock closed at $93.63, with a volume of 14180 shares. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 24.61, and a beta of 0.56.
Institutional investors have shown interest in the company, with hedge funds like Fisher Asset Management LLC and UBS Group AG increasing their positions in the ETF. Wells Fargo & Company MN and Jane Street Group LLC also saw growth in their stakes in the company.
The iShares Global Healthcare ETF seeks investment results that correspond to the price and yield performance of the S&P Global 1200 Healthcare Sector Index. The Index measures the performance of companies in the healthcare sector deemed by S&P to be part of the consumer staples sector.
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