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

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw strong trading volume on Friday . 639,752 shares were traded during mid-day trading, an increase of 228% from the previous session’s volume of 195,105 shares.The stock last traded at $91.98 and had previously closed at $91.86.

iShares Global Healthcare ETF Stock Down 0.1 %

The firm has a market capitalization of $3.97 billion, a P/E ratio of 24.61 and a beta of 0.56. The company’s 50 day moving average is $88.88 and its 200-day moving average is $93.35.

Hedge Funds Weigh In On iShares Global Healthcare ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IXJ. Erste Asset Management GmbH bought a new stake in shares of iShares Global Healthcare ETF during the third quarter worth about $25,000. Vermillion Wealth Management Inc. bought a new position in iShares Global Healthcare ETF during the 4th quarter valued at $30,000. Avior Wealth Management LLC bought a new position in iShares Global Healthcare ETF during the 4th quarter valued at $36,000. Capital Investment Counsel Inc purchased a new position in iShares Global Healthcare ETF during the 4th quarter worth $37,000. Finally, Voisard Asset Management Group Inc. bought a new stake in iShares Global Healthcare ETF in the 3rd quarter worth about $38,000.

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.