iShares Global 100 ETF (NYSEARCA:IOO) Sees Strong Trading Volume – Should You Buy?

Shares of iShares Global 100 ETF (NYSEARCA:IOO) saw unusually-strong trading volume on Friday . Approximately 1,278,814 shares were traded during trading, an increase of 350% from the previous session’s volume of 284,052 shares.The stock last traded at $101.89 and had previously closed at $100.60.

iShares Global 100 ETF Stock Performance

The stock has a 50-day moving average of $101.12 and a 200 day moving average of $98.71. The firm has a market capitalization of $5.99 billion, a P/E ratio of 22.80 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amplius Wealth Advisors LLC lifted its holdings in iShares Global 100 ETF by 13.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 1,043,413 shares of the company’s stock worth $105,144,000 after buying an additional 126,863 shares in the last quarter. Diversify Wealth Management LLC bought a new stake in shares of iShares Global 100 ETF during the fourth quarter worth $224,000. RiverTree Advisors LLC lifted its stake in shares of iShares Global 100 ETF by 28.4% during the fourth quarter. RiverTree Advisors LLC now owns 15,864 shares of the company’s stock valued at $1,599,000 after acquiring an additional 3,511 shares during the period. Ameritas Advisory Services LLC boosted its holdings in iShares Global 100 ETF by 3.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 167,201 shares of the company’s stock valued at $16,849,000 after acquiring an additional 4,999 shares during the last quarter. Finally, HB Wealth Management LLC bought a new position in iShares Global 100 ETF in the fourth quarter valued at about $263,000.

About iShares Global 100 ETF

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.