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

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw an uptick in trading volume on Thursday . 535,472 shares were traded during mid-day trading, an increase of 102% from the previous session’s volume of 265,243 shares.The stock last traded at $96.04 and had previously closed at $95.29.

iShares Global Healthcare ETF Stock Performance

The company’s 50-day moving average price is $93.80 and its 200 day moving average price is $96.38. The stock has a market capitalization of $3.74 billion, a PE ratio of 21.58 and a beta of 0.58.

Institutional Investors Weigh In On iShares Global Healthcare ETF

Several institutional investors and hedge funds have recently modified their holdings of IXJ. Phoenix Financial Ltd. lifted its position in shares of iShares Global Healthcare ETF by 77.2% in the 4th quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after purchasing an additional 925,500 shares during the period. Ameriprise Financial Inc. increased its stake in shares of iShares Global Healthcare ETF by 5,522.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock worth $78,789,000 after acquiring an additional 898,892 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of iShares Global Healthcare ETF by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock worth $782,375,000 after acquiring an additional 592,677 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of iShares Global Healthcare ETF by 1,206.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 231,450 shares of the company’s stock worth $22,543,000 after acquiring an additional 213,728 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of iShares Global Healthcare ETF by 6.3% in the 2nd quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock worth $218,639,000 after acquiring an additional 150,774 shares in the last quarter.

About iShares Global Healthcare ETF

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.