iShares Global 100 ETF (NYSEARCA:IOO) Hits New 1-Year High – Time to Buy?

iShares Global 100 ETF (NYSEARCA:IOO) reached a new 52-week high on Wednesday . The company traded as high as $129.23 and last traded at $128.73, with a volume of 116668 shares. The stock had previously closed at $128.95.

iShares Global 100 ETF Price Performance

The firm has a market capitalization of $8.15 billion, a PE ratio of 24.21 and a beta of 0.93. The company has a 50-day moving average price of $126.11 and a 200-day moving average price of $119.57.

Institutional Investors Weigh In On iShares Global 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of iShares Global 100 ETF by 605.9% during the second quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock valued at $26,000 after buying an additional 206 shares during the period. Financial Consulate Inc. acquired a new position in iShares Global 100 ETF in the 3rd quarter valued at $33,000. Olistico Wealth LLC acquired a new position in iShares Global 100 ETF in the 4th quarter valued at $35,000. First Horizon Advisors Inc. purchased a new position in shares of iShares Global 100 ETF during the 2nd quarter worth $39,000. Finally, N.E.W. Advisory Services LLC boosted its holdings in shares of iShares Global 100 ETF by 146.2% during the third quarter. N.E.W. Advisory Services LLC now owns 384 shares of the company’s stock worth $46,000 after purchasing an additional 228 shares during the last quarter.

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.