iShares Global 100 ETF (NYSEARCA:IOO) Reaches New 1-Year High – Time to Buy?

iShares Global 100 ETF (NYSEARCA:IOO)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $127.24 and last traded at $126.6120, with a volume of 34993 shares traded. The stock had previously closed at $126.74.

iShares Global 100 ETF Price Performance

The company has a market cap of $7.88 billion, a price-to-earnings ratio of 24.21 and a beta of 0.93. The firm has a 50-day moving average price of $120.79 and a 200 day moving average price of $111.95.

Hedge Funds Weigh In On iShares Global 100 ETF

Hedge funds have recently bought and sold shares of the business. Annex Advisory Services LLC boosted its holdings in iShares Global 100 ETF by 31.0% in the 2nd quarter. Annex Advisory Services LLC now owns 1,422,141 shares of the company’s stock valued at $153,321,000 after purchasing an additional 336,185 shares during the period. LPL Financial LLC raised its position in shares of iShares Global 100 ETF by 8.8% in the first quarter. LPL Financial LLC now owns 936,236 shares of the company’s stock valued at $90,150,000 after buying an additional 75,873 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Global 100 ETF by 1.7% in the second quarter. Bank of America Corp DE now owns 833,249 shares of the company’s stock valued at $89,833,000 after buying an additional 13,569 shares during the period. Raymond James Financial Inc. grew its position in iShares Global 100 ETF by 1.3% during the second quarter. Raymond James Financial Inc. now owns 652,089 shares of the company’s stock worth $70,302,000 after buying an additional 8,299 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares Global 100 ETF by 0.8% during the first quarter. Ameriprise Financial Inc. now owns 455,367 shares of the company’s stock worth $43,977,000 after buying an additional 3,484 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.