iShares Global 100 ETF (NYSEARCA:IOO) Sees Large Volume Increase – Still a Buy?

Shares of iShares Global 100 ETF (NYSEARCA:IOO) saw strong trading volume on Wednesday . 281,280 shares were traded during 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 Trading Up 1.0%

The firm’s fifty day moving average price is $129.18 and its 200-day moving average price is $127.61. The company has a market cap of $8.84 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. AQR Capital Management LLC bought a new position in shares of iShares Global 100 ETF during the 1st quarter worth about $1,295,000. Jane Street Group LLC bought a new position in shares of iShares Global 100 ETF during the 1st quarter worth about $7,860,000. Marshall Wace LLP bought a new position in shares of iShares Global 100 ETF during the 2nd quarter worth about $2,003,000. Bank of Nova Scotia bought a new position in shares of iShares Global 100 ETF during the 2nd quarter worth about $216,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Global 100 ETF during the 2nd quarter worth about $991,000.

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.