iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Unusually-High Trading Volume – Should You Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw strong trading volume on Wednesday . 2,264,651 shares changed hands during mid-day trading, an increase of 653% from the previous session’s volume of 300,646 shares.The stock last traded at $98.0590 and had previously closed at $99.73.

iShares Global Healthcare ETF Stock Performance

The firm’s fifty day moving average is $98.16 and its 200-day moving average is $92.20. The company has a market capitalization of $4.73 billion, a P/E ratio of 21.58 and a beta of 0.64.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IXJ. LOM Asset Management Ltd acquired a new stake in shares of iShares Global Healthcare ETF during the 3rd quarter valued at $26,000. Nvest Wealth Strategies Inc. bought a new position in iShares Global Healthcare ETF in the fourth quarter valued at about $30,000. Hantz Financial Services Inc. acquired a new stake in shares of iShares Global Healthcare ETF during the second quarter valued at about $31,000. Franklin Resources Inc. grew its holdings in shares of iShares Global Healthcare ETF by 80.0% during the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of iShares Global Healthcare ETF during the second quarter worth about $39,000.

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.