iShares Global 100 ETF (NYSEARCA:IOO) Sets New 1-Year High – Here’s Why

Shares of iShares Global 100 ETF (NYSEARCA:IOO) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $142.72 and last traded at $142.66, with a volume of 44884 shares. The stock had previously closed at $141.57.

iShares Global 100 ETF Stock Up 0.4%

The firm has a fifty day moving average of $130.51 and a 200-day moving average of $128.06. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 24.21 and a beta of 0.95.

Hedge Funds Weigh In On iShares Global 100 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bartlett & CO. Wealth Management LLC purchased a new position in iShares Global 100 ETF during the fourth quarter worth $25,000. Nalls Sherbakoff Group LLC purchased a new position in iShares Global 100 ETF during the fourth quarter worth $25,000. Olistico Wealth LLC purchased a new position in iShares Global 100 ETF during the fourth quarter worth $35,000. Matrix Private Capital Group LLC purchased a new position in iShares Global 100 ETF during the first quarter worth $36,000. Finally, Johnson Financial Group Inc. purchased a new position in iShares Global 100 ETF during the first quarter worth $39,000.

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.