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

iShares Global 100 ETF (NYSEARCA:IOO) reached a new 52-week high during trading on Tuesday . The company traded as high as $144.78 and last traded at $144.75, with a volume of 242783 shares. The stock had previously closed at $143.10.

iShares Global 100 ETF Price Performance

The firm has a fifty day simple moving average of $138.93 and a two-hundred day simple moving average of $132.76. The firm has a market capitalization of $9.19 billion, a P/E ratio of 24.21 and a beta of 0.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IOO. Nalls Sherbakoff Group LLC bought a new stake in iShares Global 100 ETF in the 4th quarter valued at about $25,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of iShares Global 100 ETF in the fourth quarter worth about $25,000. Matrix Private Capital Group LLC purchased a new position in shares of iShares Global 100 ETF in the first quarter worth about $36,000. Johnson Financial Group Inc. purchased a new position in shares of iShares Global 100 ETF in the first quarter worth about $39,000. Finally, Capital Investment Advisory Services LLC raised its position in shares of iShares Global 100 ETF by 54.3% in the fourth quarter. Capital Investment Advisory Services LLC now owns 355 shares of the company’s stock valued at $45,000 after purchasing an additional 125 shares during the period.

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.