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

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw unusually-high trading volume on Wednesday . Approximately 222,736 shares were traded during mid-day trading, a decline of 19% from the previous session’s volume of 275,049 shares.The stock last traded at $94.55 and had previously closed at $94.67.

iShares Global Healthcare ETF Price Performance

The business has a fifty day moving average of $93.83 and a 200 day moving average of $96.31. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 21.58 and a beta of 0.58.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IXJ. Phoenix Financial Ltd. raised its stake in shares of iShares Global Healthcare ETF by 77.2% in the fourth quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock valued at $206,954,000 after acquiring an additional 925,500 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares Global Healthcare ETF by 5,522.5% in the second quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock valued at $78,789,000 after acquiring an additional 898,892 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of iShares Global Healthcare ETF by 8.0% in the fourth quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock valued at $782,375,000 after acquiring an additional 592,677 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of iShares Global Healthcare ETF by 1,206.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 231,450 shares of the company’s stock valued at $22,543,000 after acquiring an additional 213,728 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of iShares Global Healthcare ETF by 6.3% in the second quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock valued at $218,639,000 after acquiring an additional 150,774 shares in the last quarter.

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. 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.