iShares Global 100 ETF (NYSEARCA:IOO) Sets New 12-Month Low – What’s Next?

Shares of iShares Global 100 ETF (NYSEARCA:IOO) reached a new 52-week low during trading on Monday . The stock traded as low as $82.80 and last traded at $83.11, with a volume of 50178 shares changing hands. The stock had previously closed at $87.02.

iShares Global 100 ETF Stock Performance

The business’s fifty day moving average price is $100.30 and its two-hundred day moving average price is $100.43. The firm has a market capitalization of $5.48 billion, a P/E ratio of 24.14 and a beta of 0.91.

Institutional Investors Weigh In On iShares Global 100 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amplius Wealth Advisors LLC increased its holdings in shares of iShares Global 100 ETF by 13.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 1,043,413 shares of the company’s stock valued at $105,144,000 after acquiring an additional 126,863 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Global 100 ETF by 19.1% in the fourth quarter. LPL Financial LLC now owns 860,363 shares of the company’s stock worth $86,699,000 after buying an additional 137,780 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of iShares Global 100 ETF by 4.7% in the fourth quarter. Bank of America Corp DE now owns 837,706 shares of the company’s stock worth $84,416,000 after buying an additional 37,255 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares Global 100 ETF during the fourth quarter worth $62,994,000. Finally, Stephens Inc. AR grew its holdings in shares of iShares Global 100 ETF by 5.9% during the fourth quarter. Stephens Inc. AR now owns 379,738 shares of the company’s stock valued at $38,266,000 after buying an additional 21,271 shares during 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.