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

iShares Global Healthcare ETF (NYSEARCA:IXJ) saw unusually-strong trading volume on Wednesday . Approximately 131,097 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 139,592 shares.The stock last traded at $95.84 and had previously closed at $96.20.

iShares Global Healthcare ETF Price Performance

The stock has a market capitalization of $4.12 billion, a P/E ratio of 24.61 and a beta of 0.56. The firm’s 50 day moving average price is $98.52 and its 200 day moving average price is $94.59.

Hedge Funds Weigh In On iShares Global Healthcare ETF

Hedge funds have recently made changes to their positions in the business. Global Assets Advisory LLC bought a new position in shares of iShares Global Healthcare ETF during the first quarter valued at approximately $1,049,000. Brookstone Capital Management boosted its stake in iShares Global Healthcare ETF by 4.8% during the 1st quarter. Brookstone Capital Management now owns 18,154 shares of the company’s stock valued at $1,691,000 after purchasing an additional 834 shares during the last quarter. Barry Investment Advisors LLC boosted its stake in iShares Global Healthcare ETF by 23.8% during the 1st quarter. Barry Investment Advisors LLC now owns 5,429 shares of the company’s stock valued at $506,000 after purchasing an additional 1,042 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of iShares Global Healthcare ETF by 4,754.0% in the 1st quarter. BNP Paribas Financial Markets now owns 107,322 shares of the company’s stock worth $9,997,000 after purchasing an additional 105,111 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its stake in shares of iShares Global Healthcare ETF by 1.0% in the first quarter. Greenwood Capital Associates LLC now owns 52,612 shares of the company’s stock worth $4,901,000 after purchasing an additional 521 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.