iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw unusually-strong trading volume on Friday . Approximately 639,752 shares changed hands 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 Price Performance

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

Hedge Funds Weigh In On iShares Global Healthcare ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IXJ. Erste Asset Management GmbH acquired a new stake in shares of iShares Global Healthcare ETF in the third quarter valued at $25,000. Vermillion Wealth Management Inc. bought a new stake in iShares Global Healthcare ETF in the fourth quarter worth about $30,000. Avior Wealth Management LLC acquired a new stake in iShares Global Healthcare ETF in the 4th quarter valued at about $36,000. Capital Investment Counsel Inc bought a new position in shares of iShares Global Healthcare ETF during the 4th quarter valued at about $37,000. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of iShares Global Healthcare ETF in the 3rd quarter worth approximately $38,000.

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.