iShares Global Healthcare ETF (NYSEARCA:IXJ) Sees Strong Trading Volume – What’s Next?

Shares of iShares Global Healthcare ETF (NYSEARCA:IXJ) saw unusually-strong trading volume on Monday . Approximately 116,141 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 114,304 shares.The stock last traded at $86.88 and had previously closed at $87.13.

iShares Global Healthcare ETF Stock Down 1.0 %

The stock has a market capitalization of $3.76 billion, a P/E ratio of 24.61 and a beta of 0.56. The stock’s 50 day moving average price is $89.33 and its 200-day moving average price is $94.09.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BFI Infinity Ltd. purchased a new stake in iShares Global Healthcare ETF during the fourth quarter valued at approximately $318,000. Park Avenue Securities LLC purchased a new stake in shares of iShares Global Healthcare ETF during the 4th quarter valued at $1,610,000. Courier Capital LLC lifted its holdings in shares of iShares Global Healthcare ETF by 69.8% during the 4th quarter. Courier Capital LLC now owns 5,335 shares of the company’s stock valued at $459,000 after purchasing an additional 2,193 shares during the last quarter. Brookstone Capital Management boosted its position in shares of iShares Global Healthcare ETF by 1.7% in the 4th quarter. Brookstone Capital Management now owns 19,297 shares of the company’s stock worth $1,659,000 after purchasing an additional 328 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in iShares Global Healthcare ETF by 2.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,404 shares of the company’s stock worth $465,000 after buying an additional 130 shares during the last quarter.

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.