iShares Global 100 ETF (NYSEARCA:IOO) Sees Strong Trading Volume – Here’s Why
by Michael Walen · The Markets DailyiShares Global 100 ETF (NYSEARCA:IOO – Get Free Report) shares saw unusually-strong trading volume on Friday . 825,190 shares traded hands during trading, an increase of 279% from the previous session’s volume of 217,893 shares.The stock last traded at $144.4550 and had previously closed at $142.57.
iShares Global 100 ETF Stock Up 1.3%
The company’s 50-day moving average price is $141.99 and its 200-day moving average price is $135.78. The firm has a market cap of $9.13 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95.
Institutional Investors Weigh In On iShares Global 100 ETF
Several institutional investors have recently bought and sold shares of IOO. Powell Investment Advisors LLC grew its stake in shares of iShares Global 100 ETF by 0.3% during the 1st quarter. Powell Investment Advisors LLC now owns 29,609 shares of the company’s stock worth $3,582,000 after purchasing an additional 87 shares during the period. KPP Advisory Services LLC lifted its stake in shares of iShares Global 100 ETF by 1.1% in the first quarter. KPP Advisory Services LLC now owns 8,846 shares of the company’s stock valued at $1,070,000 after purchasing an additional 94 shares during the period. Kingsview Wealth Management LLC increased its holdings in iShares Global 100 ETF by 1.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 10,071 shares of the company’s stock valued at $1,276,000 after buying an additional 114 shares in the last quarter. HighTower Advisors LLC increased its holdings in iShares Global 100 ETF by 0.6% in the fourth quarter. HighTower Advisors LLC now owns 23,617 shares of the company’s stock valued at $2,992,000 after buying an additional 132 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its holdings in iShares Global 100 ETF by 3.8% in the second quarter. Dynamic Advisor Solutions LLC now owns 4,188 shares of the company’s stock valued at $572,000 after buying an additional 152 shares in 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.