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

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw unusually-strong trading volume on Monday . Approximately 116,141 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 114,304 shares.The stock last traded at $86.88 and had previously closed at $87.13.

iShares Global Healthcare ETF Trading Down 1.0 %

The firm has a 50-day simple moving average of $89.33 and a two-hundred day simple moving average of $94.09. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 24.61 and a beta of 0.56.

Institutional Trading of iShares Global Healthcare ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in iShares Global Healthcare ETF by 7.0% in the 3rd quarter. Fisher Asset Management LLC now owns 5,183,701 shares of the company’s stock worth $508,832,000 after acquiring an additional 338,690 shares in the last quarter. Bank of Montreal Can grew its position in shares of iShares Global Healthcare ETF by 225.4% in the second quarter. Bank of Montreal Can now owns 209,279 shares of the company’s stock valued at $19,630,000 after purchasing an additional 144,962 shares during the period. Royal Fund Management LLC purchased a new stake in shares of iShares Global Healthcare ETF during the third quarter worth about $14,508,000. HighTower Advisors LLC raised its position in shares of iShares Global Healthcare ETF by 0.9% during the 3rd quarter. HighTower Advisors LLC now owns 121,926 shares of the company’s stock worth $11,975,000 after purchasing an additional 1,145 shares during the last quarter. Finally, Barclays PLC lifted its stake in iShares Global Healthcare ETF by 0.4% in the 3rd quarter. Barclays PLC now owns 116,260 shares of the company’s stock valued at $11,412,000 after buying an additional 500 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.