iShares Global 100 ETF (NYSEARCA:IOO) Sees Strong Trading Volume – Here’s Why

Shares of iShares Global 100 ETF (NYSEARCA:IOO) saw an uptick in trading volume on Wednesday . 422,041 shares traded hands during mid-day trading, an increase of 152% from the previous session’s volume of 167,606 shares.The stock last traded at $98.40 and had previously closed at $98.68.

iShares Global 100 ETF Price Performance

The stock has a market cap of $6.30 billion, a PE ratio of 24.61 and a beta of 0.91. The business has a 50 day moving average price of $101.46 and a two-hundred day moving average price of $100.31.

Hedge Funds Weigh In On iShares Global 100 ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of iShares Global 100 ETF in the fourth quarter worth about $62,994,000. Creative Financial Designs Inc. ADV grew its position in shares of iShares Global 100 ETF by 2,966.7% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 370,244 shares of the company’s stock worth $37,309,000 after buying an additional 358,171 shares during the last quarter. Modern Wealth Management LLC grew its position in shares of iShares Global 100 ETF by 201.6% in the 4th quarter. Modern Wealth Management LLC now owns 316,721 shares of the company’s stock worth $32,591,000 after buying an additional 211,693 shares during the last quarter. LPL Financial LLC increased its stake in shares of iShares Global 100 ETF by 19.1% during the fourth quarter. LPL Financial LLC now owns 860,363 shares of the company’s stock valued at $86,699,000 after buying an additional 137,780 shares during the period. Finally, Amplius Wealth Advisors LLC raised its holdings in shares of iShares Global 100 ETF by 13.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 1,043,413 shares of the company’s stock valued at $105,144,000 after acquiring an additional 126,863 shares in the last quarter.

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.