iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Large Volume Increase – Here’s What Happened

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw strong trading volume on Wednesday . 2,264,651 shares traded hands during trading, an increase of 653% from the previous session’s volume of 300,646 shares.The stock last traded at $98.0590 and had previously closed at $99.73.

iShares Global Healthcare ETF Price Performance

The company has a market cap of $4.71 billion, a price-to-earnings ratio of 21.58 and a beta of 0.64. The firm has a 50-day moving average price of $98.00 and a 200 day moving average price of $92.03.

Institutional Investors Weigh In On iShares Global Healthcare ETF

A number of institutional investors have recently modified their holdings of IXJ. Truist Financial Corp boosted its position in shares of iShares Global Healthcare ETF by 95.9% during the 2nd quarter. Truist Financial Corp now owns 24,623 shares of the company’s stock worth $2,120,000 after purchasing an additional 12,054 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in iShares Global Healthcare ETF during the second quarter worth $724,000. Allworth Financial LP grew its stake in shares of iShares Global Healthcare ETF by 1,747.5% in the 2nd quarter. Allworth Financial LP now owns 739 shares of the company’s stock worth $64,000 after acquiring an additional 699 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in iShares Global Healthcare ETF by 15.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,132 shares of the company’s stock valued at $443,000 after buying an additional 685 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Global Healthcare ETF by 30.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,830 shares of the company’s stock worth $2,396,000 after acquiring an additional 6,418 shares during the period.

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.