iShares Global 100 ETF (NYSEARCA:IOO) Sets New 12-Month High – Here’s Why
by Amy Steele · The Cerbat GemShares of iShares Global 100 ETF (NYSEARCA:IOO – Get Free Report) hit a new 52-week high on Friday . The stock traded as high as $133.71 and last traded at $133.57, with a volume of 196184 shares trading hands. The stock had previously closed at $132.45.
iShares Global 100 ETF Trading Up 1.0%
The company has a market capitalization of $8.37 billion, a price-to-earnings ratio of 24.21 and a beta of 0.94. The company’s 50 day simple moving average is $125.62 and its 200-day simple moving average is $125.70.
Institutional Trading of iShares Global 100 ETF
Several hedge funds and other institutional investors have recently bought and sold shares of IOO. AQR Capital Management LLC purchased a new position in shares of iShares Global 100 ETF during the 1st quarter worth $1,295,000. Jane Street Group LLC purchased a new stake in shares of iShares Global 100 ETF in the first quarter valued at $7,860,000. Marshall Wace LLP acquired a new position in iShares Global 100 ETF in the second quarter valued at $2,003,000. Bank of Nova Scotia purchased a new position in iShares Global 100 ETF during the second quarter worth about $216,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Global 100 ETF in 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.