iShares Global 100 ETF (NYSEARCA:IOO) Hits New 12-Month High – Still a Buy?

iShares Global 100 ETF (NYSEARCA:IOO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $101.24 and last traded at $100.89, with a volume of 77057 shares traded. The stock had previously closed at $100.74.

iShares Global 100 ETF Stock Performance

The business’s 50-day moving average price is $97.92 and its 200-day moving average price is $95.04. The stock has a market cap of $5.86 billion, a P/E ratio of 22.80 and a beta of 1.00.

Institutional Investors Weigh In On iShares Global 100 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IOO. Fischer Investment Strategies LLC raised its holdings in iShares Global 100 ETF by 156.8% during the third quarter. Fischer Investment Strategies LLC now owns 14,047 shares of the company’s stock valued at $1,393,000 after acquiring an additional 8,578 shares during the period. Hudock Inc. grew its position in shares of iShares Global 100 ETF by 0.6% during the third quarter. Hudock Inc. now owns 53,474 shares of the company’s stock worth $5,303,000 after purchasing an additional 303 shares in the last quarter. RiverTree Advisors LLC bought a new stake in iShares Global 100 ETF during the 3rd quarter valued at approximately $1,225,000. International Assets Investment Management LLC lifted its holdings in iShares Global 100 ETF by 9,816.1% in the 3rd quarter. International Assets Investment Management LLC now owns 53,051 shares of the company’s stock worth $5,261,000 after purchasing an additional 52,516 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake in iShares Global 100 ETF by 1.8% in the 3rd quarter. Private Advisor Group LLC now owns 52,555 shares of the company’s stock worth $5,211,000 after purchasing an additional 912 shares during the period.

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.