iShares Global 100 ETF (NYSEARCA:IOO) Sets New 1-Year High – Here’s Why

iShares Global 100 ETF (NYSEARCA:IOO)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $142.72 and last traded at $142.66, with a volume of 44884 shares changing hands. The stock had previously closed at $141.57.

iShares Global 100 ETF Price Performance

The firm has a market cap of $8.89 billion, a PE ratio of 24.21 and a beta of 0.95. The stock has a 50-day moving average price of $130.51 and a 200 day moving average price of $128.06.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IOO. Bartlett & CO. Wealth Management LLC acquired a new position in iShares Global 100 ETF in the fourth quarter valued at $25,000. Nalls Sherbakoff Group LLC acquired a new position in iShares Global 100 ETF in the fourth quarter valued at $25,000. Olistico Wealth LLC acquired a new position in iShares Global 100 ETF in the fourth quarter valued at $35,000. Matrix Private Capital Group LLC acquired a new position in iShares Global 100 ETF in the first quarter valued at $36,000. Finally, Johnson Financial Group Inc. acquired a new position in iShares Global 100 ETF in the first quarter valued at $39,000.

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. 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.