iShares Global 100 ETF (NYSEARCA:IOO) Sees Large Volume Increase – Still a Buy?

iShares Global 100 ETF (NYSEARCA:IOOGet Free Report) saw strong trading volume on Thursday . 241,803 shares changed hands during trading, an increase of 28% from the previous session’s volume of 188,547 shares.The stock last traded at $126.7270 and had previously closed at $126.93.

iShares Global 100 ETF Stock Performance

The business has a 50-day simple moving average of $123.20 and a two-hundred day simple moving average of $114.81. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 24.21 and a beta of 0.93.

Hedge Funds Weigh In On iShares Global 100 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IOO. Sound Income Strategies LLC raised its position in iShares Global 100 ETF by 605.9% during the 2nd quarter. Sound Income Strategies LLC now owns 240 shares of the company’s stock worth $26,000 after buying an additional 206 shares during the last quarter. Financial Consulate Inc. acquired a new position in shares of iShares Global 100 ETF during the third quarter worth about $33,000. First Horizon Advisors Inc. purchased a new position in iShares Global 100 ETF during the second quarter worth about $39,000. N.E.W. Advisory Services LLC lifted its position in iShares Global 100 ETF by 146.2% in the third quarter. N.E.W. Advisory Services LLC now owns 384 shares of the company’s stock valued at $46,000 after purchasing an additional 228 shares during the period. Finally, Rossmore Private Capital acquired a new stake in iShares Global 100 ETF in the third quarter valued at about $48,000.

iShares Global 100 ETF Company Profile

(Get Free Report)

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.

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