iShares Global 100 ETF (NYSEARCA:IOO) Sets New 1-Year High – What’s Next?

iShares Global 100 ETF (NYSEARCA:IOO)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $144.78 and last traded at $144.75, with a volume of 242783 shares changing hands. The stock had previously closed at $143.10.

iShares Global 100 ETF Trading Up 1.8%

The stock has a market cap of $9.22 billion, a PE ratio of 24.21 and a beta of 0.96. The business has a fifty day simple moving average of $138.80 and a two-hundred day simple moving average of $132.52.

Institutional Investors Weigh In On iShares Global 100 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IOO. LPL Financial LLC raised its holdings in iShares Global 100 ETF by 12.4% in the fourth quarter. LPL Financial LLC now owns 1,219,233 shares of the company’s stock worth $154,440,000 after purchasing an additional 134,689 shares in the last quarter. Morgan Stanley grew its position in shares of iShares Global 100 ETF by 4.4% in the 4th quarter. Morgan Stanley now owns 1,013,535 shares of the company’s stock worth $128,385,000 after buying an additional 42,957 shares during the period. Bank of America Corp DE grew its position in shares of iShares Global 100 ETF by 1.4% in the 3rd quarter. Bank of America Corp DE now owns 844,798 shares of the company’s stock worth $101,384,000 after buying an additional 11,549 shares during the period. Raymond James Financial Inc. increased its stake in shares of iShares Global 100 ETF by 0.9% in the 3rd quarter. Raymond James Financial Inc. now owns 657,915 shares of the company’s stock worth $78,956,000 after acquiring an additional 5,826 shares in the last quarter. Finally, Stephens Inc. AR increased its stake in shares of iShares Global 100 ETF by 12.0% in the 1st quarter. Stephens Inc. AR now owns 528,198 shares of the company’s stock worth $63,896,000 after acquiring an additional 56,666 shares in the last quarter.

iShares Global 100 ETF Company Profile

iShares Global 100 ETF (the Fund), formerly iShares S&P Global 100 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 100 Index (the Index). The Index is designed to measure the performance of 100 large-capitalization global companies. These companies are liquid and represent some of the multi-national businesses in the world. The Index is a subset of the S&P Global 1200 Index, and consists of 100 common stocks, screened for sector representation, liquidity and size.