iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Strong Trading Volume – Here’s Why

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw strong trading volume on Wednesday . 222,736 shares traded hands during mid-day trading, a decline of 19% from the previous session’s volume of 275,049 shares.The stock last traded at $94.55 and had previously closed at $94.67.

iShares Global Healthcare ETF Stock Performance

The firm has a market cap of $3.62 billion, a P/E ratio of 21.58 and a beta of 0.58. The stock has a fifty day simple moving average of $93.81 and a 200 day simple moving average of $96.23.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several institutional investors have recently modified their holdings of IXJ. J. R. Prunier Capital Management LLC raised its position in iShares Global Healthcare ETF by 7.3% in the 1st quarter. J. R. Prunier Capital Management LLC now owns 4,634 shares of the company’s stock worth $433,000 after buying an additional 314 shares during the last quarter. Rathbones Group PLC boosted its holdings in shares of iShares Global Healthcare ETF by 1.1% during the 1st quarter. Rathbones Group PLC now owns 25,741 shares of the company’s stock valued at $2,408,000 after acquiring an additional 280 shares during the last quarter. Ipsen Advisor Group LLC boosted its holdings in shares of iShares Global Healthcare ETF by 4.6% during the 1st quarter. Ipsen Advisor Group LLC now owns 13,215 shares of the company’s stock valued at $1,236,000 after acquiring an additional 576 shares during the last quarter. Compass Capital Management Inc. bought a new stake in shares of iShares Global Healthcare ETF in the first quarter worth approximately $449,000. Finally, Front Row Advisors LLC grew its stake in shares of iShares Global Healthcare ETF by 8.0% in the first quarter. Front Row Advisors LLC now owns 2,699 shares of the company’s stock worth $252,000 after acquiring an additional 200 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. 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.