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

iShares Global Healthcare ETF (NYSEARCA:IXJ) shares saw an uptick in trading volume on Wednesday . 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 firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of 21.58 and a beta of 0.58. The firm has a 50 day moving average price of $93.83 and a 200-day moving average price of $96.31.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Several large investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC increased its holdings in iShares Global Healthcare ETF by 1.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 5,871 shares of the company’s stock valued at $572,000 after buying an additional 99 shares during the last quarter. LOM Asset Management Ltd increased its holdings in iShares Global Healthcare ETF by 37.0% in the fourth quarter. LOM Asset Management Ltd now owns 407 shares of the company’s stock valued at $40,000 after buying an additional 110 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in iShares Global Healthcare ETF by 35.6% in the fourth quarter. Farther Finance Advisors LLC now owns 484 shares of the company’s stock valued at $47,000 after buying an additional 127 shares during the last quarter. Captrust Financial Advisors increased 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 valued at $1,115,000 after buying an additional 129 shares during the last quarter. Finally, Tiller Private Wealth Inc. increased its holdings in iShares Global Healthcare ETF by 4.6% in the fourth quarter. Tiller Private Wealth Inc. now owns 2,950 shares of the company’s stock valued at $287,000 after buying an additional 130 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.