IXJ Stock Summary and Trading Ideas (iShares Global Healthcare ETF | ARCA:IXJ)

The iShares S&P Global Healthcare Sector Index Fund seeks investment results that correspond generally to the price and yield performance before fees and expenses of companies that Standard & Poors deems part of the healthcare sector of the economy and important to global markets as represented by the S&P Global Healthcare Sector Index. The index is a subset of the Standard & Poors Global 1200 Index.

iShares Global Healthcare ETF trades on the ARCA stock market under the symbol IXJ.

As of April 23, 2024, IXJ stock price climbed to $89.62 with 140,906 million shares trading.

IXJ has a beta of 0.62, meaning it tends to be less sensitive to market movements. IXJ has a correlation of 0.39 to the broad based SPY ETF.

IXJ has a market cap of $3.88 billion. This is considered a Mid Cap stock.

In the last 3 years, IXJ stock traded as high as $93.37 and as low as $74.50.

IXJ has underperformed the market in the last year with a return of +4.1%, while the SPY ETF gained +24.3%. In the last 3 month period, IXJ fell short of the market, returning +1.2%, while SPY returned +4.9%. However, in the most recent 2 weeks IXJ has outperformed the stock market by returning -0.8%, while SPY returned -2.5%.

IXJ support price is $87.74 and resistance is $89.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IXJ stock will trade within this expected range on the day.