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

iShares Global 100 ETF (NYSEARCA:IOO) saw unusually-strong trading volume on Wednesday . Approximately 281,280 shares changed hands during trading, an increase of 62% from the previous session’s volume of 174,117 shares.The stock last traded at $141.43 and had previously closed at $139.94.

iShares Global 100 ETF Stock Performance

The company’s 50 day moving average price is $129.83 and its 200-day moving average price is $127.83. The company has a market cap of $8.87 billion, a PE ratio of 24.21 and a beta of 0.95.

Institutional Investors Weigh In On iShares Global 100 ETF

Several large investors have recently modified their holdings of the stock. Cambridge Financial Group LLC purchased a new position in iShares Global 100 ETF in the 4th quarter valued at approximately $591,000. Citigroup Inc. grew its stake in iShares Global 100 ETF by 2.8% in the 3rd quarter. Citigroup Inc. now owns 149,514 shares of the company’s stock valued at $17,943,000 after buying an additional 4,103 shares in the last quarter. Jones Financial Companies Lllp grew its stake in iShares Global 100 ETF by 12.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 96,485 shares of the company’s stock valued at $11,476,000 after buying an additional 10,468 shares in the last quarter. 180 Wealth Advisors LLC grew its stake in iShares Global 100 ETF by 9.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 48,065 shares of the company’s stock valued at $6,088,000 after buying an additional 4,183 shares in the last quarter. Finally, Twelve Points Wealth Management LLC grew its stake in iShares Global 100 ETF by 65.1% in the 4th quarter. Twelve Points Wealth Management LLC now owns 155,216 shares of the company’s stock valued at $19,939,000 after buying an additional 61,210 shares in the last quarter.

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. 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.