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

iShares Global 100 ETF (NYSEARCA:IOO) shares saw unusually-strong trading volume on Friday . Approximately 975,417 shares traded hands during trading, an increase of 509% from the previous session’s volume of 160,253 shares.The stock last traded at $100.15 and had previously closed at $101.48.

iShares Global 100 ETF Stock Performance

The firm’s 50-day moving average price is $101.05 and its two-hundred day moving average price is $98.65. The firm has a market cap of $5.88 billion, a PE ratio of 22.80 and a beta of 1.00.

Institutional Trading of iShares Global 100 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IOO. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 163,712 shares during the last quarter. Amplius Wealth Advisors LLC raised its holdings in shares of iShares Global 100 ETF by 1.3% in the third quarter. Amplius Wealth Advisors LLC now owns 916,550 shares of the company’s stock valued at $90,879,000 after buying an additional 11,760 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares Global 100 ETF by 14.8% during the second quarter. LPL Financial LLC now owns 722,965 shares of the company’s stock worth $69,824,000 after buying an additional 93,341 shares during the period. Waddell & Associates LLC grew its holdings in shares of iShares Global 100 ETF by 1.7% during the third quarter. Waddell & Associates LLC now owns 679,014 shares of the company’s stock worth $67,331,000 after buying an additional 11,167 shares during the last quarter. Finally, Assetmark Inc. grew its holdings in shares of 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 during 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.