iShares Global 100 ETF (NYSEARCA:IOO) Sees Large Volume Increase – Still a Buy?
by Renee Jackson · The Cerbat GemiShares Global 100 ETF (NYSEARCA:IOO – Get Free Report) shares saw an uptick in trading volume on Wednesday . 281,280 shares traded hands during mid-day trading, an increase of 62% from the previous session’s volume of 174,117 shares.The stock last traded at $141.43 and had previously closed at $139.94.
iShares Global 100 ETF Stock Performance
The stock has a market cap of $8.84 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95. The stock’s 50-day simple moving average is $129.18 and its two-hundred day simple moving average is $127.61.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC lifted its position in iShares Global 100 ETF by 12.4% during the 4th quarter. LPL Financial LLC now owns 1,219,233 shares of the company’s stock worth $154,440,000 after acquiring an additional 134,689 shares during the last quarter. Morgan Stanley lifted its position in iShares Global 100 ETF by 4.4% during the 4th quarter. Morgan Stanley now owns 1,013,535 shares of the company’s stock worth $128,385,000 after acquiring an additional 42,957 shares during the last quarter. Bank of America Corp DE lifted its position in iShares Global 100 ETF by 1.4% during the 3rd quarter. Bank of America Corp DE now owns 844,798 shares of the company’s stock worth $101,384,000 after acquiring an additional 11,549 shares during the last quarter. Raymond James Financial Inc. lifted its position in iShares Global 100 ETF by 0.9% during the 3rd quarter. Raymond James Financial Inc. now owns 657,915 shares of the company’s stock worth $78,956,000 after acquiring an additional 5,826 shares during the last quarter. Finally, Stephens Inc. AR lifted its position in iShares Global 100 ETF by 12.0% during the 1st 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.
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.