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

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw an uptick in trading volume on Monday . 756,683 shares traded hands during trading, an increase of 177% from the previous session’s volume of 272,696 shares.The stock last traded at $106.58 and had previously closed at $106.85.

iShares Global Healthcare ETF Trading Up 0.6%

The firm’s 50-day moving average price is $100.31 and its two-hundred day moving average price is $97.05. The stock has a market cap of $4.39 billion, a PE ratio of 21.58 and a beta of 0.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IXJ. Integrated Wealth Concepts LLC increased its stake in iShares Global Healthcare ETF by 1.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,871 shares of the company’s stock worth $572,000 after buying an additional 99 shares during the period. Farther Finance Advisors LLC lifted its holdings in iShares Global Healthcare ETF by 35.6% during the 4th quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock worth $47,000 after buying an additional 127 shares during the last quarter. Captrust Financial Advisors boosted its holdings in iShares Global Healthcare ETF by 1.0% in the second quarter. Captrust Financial Advisors now owns 12,948 shares of the company’s stock worth $1,115,000 after purchasing an additional 129 shares during the period. Advisory Services Network LLC boosted its holdings in shares of iShares Global Healthcare ETF by 1.6% in the 3rd quarter. Advisory Services Network LLC now owns 8,900 shares of the company’s stock valued at $789,000 after buying an additional 144 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of iShares Global Healthcare ETF by 80.0% during the second quarter. Franklin Resources Inc. now owns 360 shares of the company’s stock valued at $31,000 after purchasing an additional 160 shares during 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.