iShares Global 100 ETF (NYSEARCA:IOO) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Global 100 ETF (NYSEARCA:IOO) saw an uptick in trading volume on Friday . 1,278,814 shares changed hands during mid-day trading, an increase of 350% from the previous session’s volume of 284,052 shares.The stock last traded at $101.89 and had previously closed at $100.60.

iShares Global 100 ETF Stock Performance

The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 22.80 and a beta of 1.00. The company’s 50 day simple moving average is $101.11 and its 200 day simple moving average is $98.76.

Institutional Investors Weigh In On iShares Global 100 ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares Global 100 ETF by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,601,247 shares of the company’s stock valued at $347,809,000 after acquiring an additional 163,712 shares during the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of iShares Global 100 ETF by 13.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 1,043,413 shares of the company’s stock worth $105,144,000 after purchasing an additional 126,863 shares in the last quarter. Waddell & Associates LLC lifted its stake in iShares Global 100 ETF by 1.7% during the third quarter. Waddell & Associates LLC now owns 679,014 shares of the company’s stock valued at $67,331,000 after purchasing an additional 11,167 shares during the last quarter. Assetmark Inc. boosted its holdings in iShares Global 100 ETF by 1,172.2% during the third quarter. Assetmark Inc. now owns 640,083 shares of the company’s stock worth $63,471,000 after buying an additional 589,771 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in iShares Global 100 ETF by 10.2% during the third quarter. Raymond James & Associates now owns 395,636 shares of the company’s stock worth $39,231,000 after buying an additional 36,760 shares in the last quarter.

About iShares Global 100 ETF

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.