iShares Global 100 ETF (NYSEARCA:IOO) Sees Large Volume Increase – Should You Buy?

iShares Global 100 ETF (NYSEARCA:IOO) shares saw an uptick in trading volume on Monday . 245,422 shares traded hands during 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 0.6 %

The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 24.61 and a beta of 0.91. The stock’s 50-day moving average is $101.96 and its 200-day moving average is $100.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dogwood Wealth Management LLC increased its stake in shares of iShares Global 100 ETF by 21.6% in the fourth quarter. Dogwood Wealth Management LLC now owns 59,025 shares of the company’s stock valued at $5,948,000 after buying an additional 10,469 shares during the period. Three Cord True Wealth Management LLC bought a new stake in iShares Global 100 ETF during the 4th quarter worth approximately $11,353,000. Sunbelt Securities Inc. increased its position in iShares Global 100 ETF by 2.5% in the 4th quarter. Sunbelt Securities Inc. now owns 4,317 shares of the company’s stock valued at $438,000 after acquiring an additional 106 shares during the period. First Heartland Consultants Inc. raised its stake in shares of iShares Global 100 ETF by 10.5% during the fourth quarter. First Heartland Consultants Inc. now owns 6,888 shares of the company’s stock valued at $694,000 after acquiring an additional 652 shares during the last quarter. Finally, Waverly Advisors LLC lifted its holdings in shares of iShares Global 100 ETF by 611.4% during the fourth quarter. Waverly Advisors LLC now owns 15,743 shares of the company’s stock worth $1,586,000 after purchasing an additional 13,530 shares during the period.

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.