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

iShares Global 100 ETF (NYSEARCA:IOO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $129.73 and last traded at $129.56, with a volume of 15393 shares. The stock had previously closed at $128.25.

iShares Global 100 ETF Stock Down 0.5%

The firm has a market cap of $8.15 billion, a PE ratio of 24.21 and a beta of 0.93. The firm’s fifty day simple moving average is $126.96 and its two-hundred day simple moving average is $121.02.

Institutional Investors Weigh In On iShares Global 100 ETF

A number of institutional investors have recently bought and sold shares of IOO. Hershey Financial Advisers LLC purchased a new stake in shares of iShares Global 100 ETF during the 2nd quarter valued at about $458,000. Farther Finance Advisors LLC raised its stake in shares of iShares Global 100 ETF by 8,746.6% in the third quarter. Farther Finance Advisors LLC now owns 18,047 shares of the company’s stock valued at $2,166,000 after acquiring an additional 17,843 shares during the period. EWG Elevate Inc. bought a new stake in shares of iShares Global 100 ETF in the 3rd quarter worth about $1,113,000. Fischer Investment Strategies LLC lifted its holdings in shares of iShares Global 100 ETF by 50.0% in the 2nd quarter. Fischer Investment Strategies LLC now owns 14,291 shares of the company’s stock worth $1,541,000 after acquiring an additional 4,761 shares during the last quarter. Finally, Cozad Asset Management Inc. purchased a new position in shares of iShares Global 100 ETF during the 2nd quarter worth about $341,000.

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. 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.