iShares Global 100 ETF (NYSEARCA:IOO) Hits New 52-Week High – Should You Buy?

iShares Global 100 ETF (NYSEARCA:IOO) hit a new 52-week high on Thursday . The company traded as high as $103.66 and last traded at $103.62, with a volume of 34297 shares traded. The stock had previously closed at $103.30.

iShares Global 100 ETF Stock Performance

The firm has a 50-day moving average of $100.75 and a 200-day moving average of $98.32. The firm has a market capitalization of $6.03 billion, a P/E ratio of 22.80 and a beta of 1.00.

Hedge Funds Weigh In On iShares Global 100 ETF

Hedge funds have recently bought and sold shares of the business. NBC Securities Inc. raised its stake in iShares Global 100 ETF by 352.4% during the 3rd quarter. NBC Securities Inc. now owns 285 shares of the company’s stock valued at $28,000 after buying an additional 222 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in iShares Global 100 ETF during the second quarter valued at $52,000. Glass Jacobson Investment Advisors llc lifted its holdings in iShares Global 100 ETF by 40.8% in the second quarter. Glass Jacobson Investment Advisors llc now owns 1,076 shares of the company’s stock valued at $104,000 after acquiring an additional 312 shares during the period. Fortis Group Advisors LLC bought a new position in iShares Global 100 ETF in the third quarter valued at about $207,000. Finally, Great Valley Advisor Group Inc. purchased a new position in iShares Global 100 ETF in the third quarter worth about $229,000.

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.