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

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw unusually-strong trading volume on Monday . Approximately 142,204 shares changed hands during mid-day trading, an increase of 1% from the previous session’s volume of 141,313 shares.The stock last traded at $91.32 and had previously closed at $90.41.

iShares Global Healthcare ETF Stock Up 0.6 %

The stock has a market cap of $3.99 billion, a PE ratio of 24.61 and a beta of 0.56. The business’s 50-day simple moving average is $95.04 and its 200-day simple moving average is $95.15.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of large investors have recently made changes to their positions in the business. Blue Trust Inc. lifted its stake in iShares Global Healthcare ETF by 144.9% in the third quarter. Blue Trust Inc. now owns 1,793 shares of the company’s stock worth $166,000 after acquiring an additional 1,061 shares during the period. Raymond James & Associates lifted its position in shares of iShares Global Healthcare ETF by 3.5% in the 3rd quarter. Raymond James & Associates now owns 66,445 shares of the company’s stock worth $6,522,000 after purchasing an additional 2,223 shares during the period. Creative Planning lifted its position in shares of iShares Global Healthcare ETF by 5.0% in the 2nd quarter. Creative Planning now owns 15,591 shares of the company’s stock worth $1,447,000 after purchasing an additional 741 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Global Healthcare ETF by 69.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,274 shares of the company’s stock valued at $518,000 after purchasing an additional 2,169 shares in the last quarter. Finally, Transatlantique Private Wealth LLC increased its position in shares of iShares Global Healthcare ETF by 12.5% during the second quarter. Transatlantique Private Wealth LLC now owns 26,901 shares of the company’s stock valued at $2,497,000 after buying an additional 2,985 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.