iShares Global 100 ETF (NYSEARCA:IOO) Sees Strong Trading Volume – Time to Buy?

Shares of iShares Global 100 ETF (NYSEARCA:IOO) saw unusually-high trading volume on Monday . Approximately 245,422 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 222,195 shares.The stock last traded at $97.56 and had previously closed at $100.36.

iShares Global 100 ETF Trading Down 3.0 %

The firm’s 50 day moving average price is $102.12 and its 200-day moving average price is $100.35. The company has a market cap of $6.23 billion, a P/E ratio of 24.61 and a beta of 0.91.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Amplius Wealth Advisors LLC increased its holdings in iShares Global 100 ETF by 13.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 1,043,413 shares of the company’s stock valued at $105,144,000 after purchasing an additional 126,863 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Global 100 ETF by 19.1% during the 4th quarter. LPL Financial LLC now owns 860,363 shares of the company’s stock worth $86,699,000 after buying an additional 137,780 shares during the period. Bank of America Corp DE increased its stake in shares of iShares Global 100 ETF by 4.7% in the 4th quarter. Bank of America Corp DE now owns 837,706 shares of the company’s stock valued at $84,416,000 after acquiring an additional 37,255 shares during the last quarter. Waddell & Associates LLC raised its position in shares of iShares Global 100 ETF by 1.7% in the 3rd quarter. Waddell & Associates LLC now owns 679,014 shares of the company’s stock valued at $67,331,000 after acquiring an additional 11,167 shares during the period. Finally, Raymond James Financial Inc. bought a new position in iShares Global 100 ETF during the 4th quarter worth approximately $62,994,000.

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.