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 traded hands during mid-day 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 Stock Performance

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

Hedge Funds Weigh In On iShares Global Healthcare ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fisher Asset Management LLC increased its holdings in iShares Global Healthcare ETF by 8.0% in the 4th quarter. Fisher Asset Management LLC now owns 8,032,598 shares of the company’s stock worth $782,375,000 after buying an additional 592,677 shares during the period. Bank of America Corp DE increased its holdings in iShares Global Healthcare ETF by 6.3% in the 2nd quarter. Bank of America Corp DE now owns 2,539,651 shares of the company’s stock worth $218,639,000 after buying an additional 150,774 shares during the period. Phoenix Financial Ltd. increased its holdings in iShares Global Healthcare ETF by 77.2% in the 4th quarter. Phoenix Financial Ltd. now owns 2,124,780 shares of the company’s stock worth $206,954,000 after buying an additional 925,500 shares during the period. Ameriprise Financial Inc. increased its holdings in iShares Global Healthcare ETF by 5,522.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 915,169 shares of the company’s stock worth $78,789,000 after buying an additional 898,892 shares during the period. Finally, UBS Group AG increased its holdings in iShares Global Healthcare ETF by 0.5% in the 4th quarter. UBS Group AG now owns 267,520 shares of the company’s stock worth $26,056,000 after buying an additional 1,321 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.