iShares Global 100 ETF (NYSEARCA:IOO) Sets New 12-Month High – Still a Buy?

iShares Global 100 ETF (NYSEARCA:IOO) reached a new 52-week high during trading on Wednesday . The stock traded as high as $127.71 and last traded at $127.52, with a volume of 116381 shares traded. The stock had previously closed at $126.83.

iShares Global 100 ETF Stock Performance

The company’s 50 day moving average price is $124.15 and its 200-day moving average price is $115.93. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 24.21 and a beta of 0.93.

Hedge Funds Weigh In On iShares Global 100 ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. lifted its position in shares of iShares Global 100 ETF by 4.3% in the first quarter. Citigroup Inc. now owns 148,899 shares of the company’s stock worth $14,338,000 after buying an additional 6,083 shares during the last quarter. Ground Swell Capital LLC acquired a new position in shares of iShares Global 100 ETF in the 1st quarter worth approximately $484,000. LWM Advisory Services LLC raised its stake in shares of iShares Global 100 ETF by 0.4% in the first quarter. LWM Advisory Services LLC now owns 26,025 shares of the company’s stock worth $2,506,000 after acquiring an additional 100 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of iShares Global 100 ETF by 3.0% during the first quarter. Raymond James Financial Inc. now owns 643,790 shares of the company’s stock worth $61,991,000 after purchasing an additional 18,662 shares in the last quarter. Finally, Flow Traders U.S. LLC acquired a new stake in iShares Global 100 ETF during the 1st quarter worth $2,020,000.

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.