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

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw an uptick in trading volume on Friday . Approximately 827,727 shares traded hands during trading, an increase of 197% from the previous session’s volume of 278,815 shares.The stock last traded at $98.72 and had previously closed at $96.86.

iShares Global Healthcare ETF Stock Up 1.9%

The stock has a market capitalization of $3.84 billion, a P/E ratio of 21.58 and a beta of 0.58. The stock has a 50 day simple moving average of $93.76 and a two-hundred day simple moving average of $96.14.

Institutional Trading of iShares Global Healthcare ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. LOM Asset Management Ltd bought a new position in iShares Global Healthcare ETF during the 3rd quarter worth $26,000. Nvest Wealth Strategies Inc. bought a new stake in iShares Global Healthcare ETF in the 4th quarter valued at about $30,000. Franklin Resources Inc. grew its position in shares of iShares Global Healthcare ETF by 80.0% during the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of iShares Global Healthcare ETF in the fourth quarter valued at approximately $31,000. Finally, Capital Investment Counsel Inc bought a new stake in shares of iShares Global Healthcare ETF in the fourth quarter valued at approximately $42,000.

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.