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

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw an uptick in trading volume on Friday . 639,752 shares were traded during trading, an increase of 228% from the previous session’s volume of 195,105 shares.The stock last traded at $91.98 and had previously closed at $91.86.

iShares Global Healthcare ETF Stock Performance

The company’s fifty day simple moving average is $88.82 and its two-hundred day simple moving average is $93.37. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 24.61 and a beta of 0.56.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of institutional investors have recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new stake in iShares Global Healthcare ETF in the 4th quarter valued at about $30,000. WCG Wealth Advisors LLC raised its holdings in shares of iShares Global Healthcare ETF by 3.4% during the fourth quarter. WCG Wealth Advisors LLC now owns 23,171 shares of the company’s stock valued at $1,992,000 after buying an additional 757 shares during the last quarter. Millennium Management LLC acquired a new position in shares of iShares Global Healthcare ETF during the fourth quarter worth approximately $346,000. Investor s Fiduciary Advisor Network LLC bought a new position in iShares Global Healthcare ETF in the 4th quarter worth approximately $285,000. Finally, Ground Swell Capital LLC acquired a new stake in iShares Global Healthcare ETF in the 4th quarter valued at approximately $345,000.

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.