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

iShares Global 100 ETF (NYSEARCA:IOO) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $105.39 and last traded at $105.23, with a volume of 14817 shares changing hands. The stock had previously closed at $104.98.

iShares Global 100 ETF Stock Performance

The company’s fifty day moving average is $96.97 and its two-hundred day moving average is $99.73. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 23.82 and a beta of 0.93.

Institutional Investors Weigh In On iShares Global 100 ETF

Several institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its holdings in iShares Global 100 ETF by 97.7% during the fourth quarter. HighTower Advisors LLC now owns 23,389 shares of the company’s stock worth $2,357,000 after acquiring an additional 11,558 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of iShares Global 100 ETF in the fourth quarter valued at about $786,000. Creative Financial Designs Inc. ADV grew its stake in shares of iShares Global 100 ETF by 2,966.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 370,244 shares of the company’s stock valued at $37,309,000 after buying an additional 358,171 shares in the last quarter. US Bancorp DE grew its stake in iShares Global 100 ETF by 10.9% during the 4th quarter. US Bancorp DE now owns 15,322 shares of the company’s stock valued at $1,544,000 after purchasing an additional 1,508 shares in the last quarter. Finally, Three Cord True Wealth Management LLC bought a new position in iShares Global 100 ETF during the 4th quarter worth approximately $11,353,000.

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.