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

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw unusually-high trading volume on Thursday . Approximately 535,472 shares changed hands during trading, an increase of 102% from the previous session’s volume of 265,243 shares.The stock last traded at $96.04 and had previously closed at $95.29.

iShares Global Healthcare ETF Price Performance

The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 21.58 and a beta of 0.58. The company’s fifty day moving average price is $93.71 and its 200-day moving average price is $96.38.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds have recently modified their holdings of the stock. LOM Asset Management Ltd acquired a new position in shares of iShares Global Healthcare ETF during the third quarter valued at about $26,000. Nvest Wealth Strategies Inc. acquired a new position in iShares Global Healthcare ETF in the 4th quarter worth approximately $30,000. Franklin Resources Inc. increased its holdings in iShares Global Healthcare ETF by 80.0% in the 2nd quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock worth $31,000 after buying an additional 160 shares during the period. Arax Advisory Partners acquired a new position in iShares Global Healthcare ETF in the 4th quarter worth approximately $31,000. Finally, Capital Investment Counsel Inc acquired a new position in iShares Global Healthcare ETF in the 4th quarter worth 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.