iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Large Volume Increase – Time to Buy?

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw unusually-strong trading volume on Wednesday. 818,121 shares traded hands during trading, an increase of 216% from the average daily volume of 259,036 shares. The stock last traded at $109.5020 and had previously closed at $109.25.

iShares Global Healthcare ETF Price Performance

The firm has a market capitalization of $4.52 billion, a P/E ratio of 21.58 and a beta of 0.55. The business’s 50-day moving average is $104.47 and its 200 day moving average is $98.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its holdings in shares of iShares Global Healthcare ETF by 9.9% during the 2nd quarter. Allworth Financial LP now owns 1,674 shares of the company’s stock worth $165,000 after buying an additional 151 shares in the last quarter. Front Row Advisors LLC boosted its holdings in iShares Global Healthcare ETF by 8.0% during the first quarter. Front Row Advisors LLC now owns 2,699 shares of the company’s stock worth $252,000 after purchasing an additional 200 shares during the last quarter. Rathbones Group PLC raised its holdings in shares of iShares Global Healthcare ETF by 1.1% in the 1st quarter. Rathbones Group PLC now owns 25,741 shares of the company’s stock worth $2,408,000 after purchasing an additional 280 shares during the period. J. R. Prunier Capital Management LLC lifted its holdings in iShares Global Healthcare ETF by 7.3% during the first quarter. J. R. Prunier Capital Management LLC now owns 4,634 shares of the company’s stock valued at $433,000 after purchasing an additional 314 shares during the last quarter. Finally, Latitude Advisors LLC bought a new stake in iShares Global Healthcare ETF during the 3rd quarter valued at $45,000.

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.