Royal Fund Management LLC Takes $14.51 Million Position in iShares Global Healthcare ETF (NYSEARCA:IXJ)

Royal Fund Management LLC bought a new position in iShares Global Healthcare ETF (NYSEARCA:IXJ) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 147,802 shares of the company’s stock, valued at approximately $14,508,000. iShares Global Healthcare ETF comprises about 0.9% of Royal Fund Management LLC’s portfolio, making the stock its 23rd biggest position. Royal Fund Management LLC owned approximately 0.34% of iShares Global Healthcare ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC purchased a new position in iShares Global Healthcare ETF in the 2nd quarter worth about $27,000. Financial Gravity Asset Management Inc. increased its position in shares of iShares Global Healthcare ETF by 50.0% in the second quarter. Financial Gravity Asset Management Inc. now owns 414 shares of the company’s stock worth $38,000 after acquiring an additional 138 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of iShares Global Healthcare ETF during the fourth quarter valued at approximately $115,000. Opal Wealth Advisors LLC purchased a new stake in shares of iShares Global Healthcare ETF in the 2nd quarter valued at approximately $131,000. Finally, Avantax Advisory Services Inc. acquired a new position in iShares Global Healthcare ETF in the 1st quarter worth approximately $222,000.

iShares Global Healthcare ETF Price Performance

NYSEARCA IXJ traded up $0.06 on Wednesday, hitting $96.63. 3,856 shares of the stock were exchanged, compared to its average volume of 141,096. The company’s 50-day moving average price is $98.19 and its two-hundred day moving average price is $94.20. iShares Global Healthcare ETF has a 52-week low of $77.96 and a 52-week high of $101.31. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 24.61 and a beta of 0.56.

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.