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

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw an uptick in trading volume on Wednesday . 131,097 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 139,592 shares.The stock last traded at $95.84 and had previously closed at $96.20.

iShares Global Healthcare ETF Price Performance

The stock has a market cap of $4.13 billion, a PE ratio of 24.61 and a beta of 0.56. The company has a 50-day simple moving average of $98.55 and a 200-day simple moving average of $94.59.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning increased its position in shares of iShares Global Healthcare ETF by 5.0% in the second quarter. Creative Planning now owns 15,591 shares of the company’s stock valued at $1,447,000 after buying an additional 741 shares in the last quarter. Global Assets Advisory LLC purchased a new position in shares of iShares Global Healthcare ETF during the 1st quarter worth approximately $1,049,000. Raymond James & Associates increased its stake in shares of iShares Global Healthcare ETF by 12.4% during the 2nd quarter. Raymond James & Associates now owns 64,222 shares of the company’s stock worth $5,962,000 after purchasing an additional 7,067 shares in the last quarter. Transatlantique Private Wealth LLC raised its position in shares of iShares Global Healthcare ETF by 12.5% during the 2nd quarter. Transatlantique Private Wealth LLC now owns 26,901 shares of the company’s stock worth $2,497,000 after purchasing an additional 2,985 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in iShares Global Healthcare ETF in the 2nd quarter valued at approximately $3,138,000.

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.