iShares Global 100 ETF (NYSEARCA:IOO) Hits New 1-Year High – Still a Buy?

iShares Global 100 ETF (NYSEARCA:IOO)’s share price hit a new 52-week high on Thursday . The company traded as high as $128.70 and last traded at $128.00, with a volume of 308047 shares traded. The stock had previously closed at $127.93.

iShares Global 100 ETF Stock Performance

The business has a 50 day moving average price of $125.99 and a 200-day moving average price of $119.07. The company has a market capitalization of $8.13 billion, a price-to-earnings ratio of 24.21 and a beta of 0.93.

Hedge Funds Weigh In On iShares Global 100 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sound Income Strategies LLC grew its position in shares of 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 period. Financial Consulate Inc. bought a new position in iShares Global 100 ETF during the third quarter worth $33,000. First Horizon Advisors Inc. acquired a new stake in iShares Global 100 ETF in the second quarter worth $39,000. N.E.W. Advisory Services LLC increased its stake 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 in the last quarter. Finally, Rossmore Private Capital bought a new stake in iShares Global 100 ETF in the third quarter valued at $48,000.

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.