iShares Global 100 ETF (NYSEARCA:IOO) Reaches New 52-Week High – Here’s Why

iShares Global 100 ETF (NYSEARCA:IOO) shares hit a new 52-week high on Tuesday. The company traded as high as $146.72 and last traded at $146.5150, with a volume of 8496 shares trading hands. The stock had previously closed at $145.67.

iShares Global 100 ETF Price Performance

The firm’s 50 day simple moving average is $144.31 and its 200-day simple moving average is $138.33. The company has a market cap of $9.34 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95.

Institutional Trading of iShares Global 100 ETF

Large investors have recently made changes to their positions in the company. LPL Financial LLC increased its position in iShares Global 100 ETF by 12.4% during the fourth quarter. LPL Financial LLC now owns 1,219,233 shares of the company’s stock worth $154,440,000 after buying an additional 134,689 shares during the period. Stephens Inc. AR grew its position in shares of iShares Global 100 ETF by 12.0% during the first quarter. Stephens Inc. AR now owns 528,198 shares of the company’s stock worth $63,896,000 after acquiring an additional 56,666 shares during the last quarter. Cetera Investment Advisers grew its position in shares of iShares Global 100 ETF by 3.0% during the first quarter. Cetera Investment Advisers now owns 359,958 shares of the company’s stock worth $43,544,000 after acquiring an additional 10,646 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares Global 100 ETF by 8.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 338,608 shares of the company’s stock valued at $46,254,000 after acquiring an additional 26,577 shares during the period. Finally, Modern Wealth Management LLC increased its holdings in shares of iShares Global 100 ETF by 1.6% in the 1st quarter. Modern Wealth Management LLC now owns 300,479 shares of the company’s stock valued at $36,676,000 after acquiring an additional 4,779 shares during the period.

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.