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

iShares Global 100 ETF (NYSEARCA:IOO) saw unusually-high trading volume on Friday . Approximately 975,417 shares changed hands during mid-day 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 Down 1.5 %

The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 22.80 and a beta of 1.00. The company’s 50 day moving average price is $101.02 and its 200 day moving average price is $98.61.

Institutional Trading of iShares Global 100 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in shares of iShares Global 100 ETF by 352.4% during the third quarter. NBC Securities Inc. now owns 285 shares of the company’s stock worth $28,000 after purchasing an additional 222 shares during the period. Stifel Financial Corp boosted its holdings in shares of iShares Global 100 ETF by 5.1% in the 3rd quarter. Stifel Financial Corp now owns 11,628 shares of the company’s stock valued at $1,153,000 after acquiring an additional 566 shares during the last quarter. Certified Advisory Corp increased its stake in shares of iShares Global 100 ETF by 11.1% in the second quarter. Certified Advisory Corp now owns 81,620 shares of the company’s stock worth $7,883,000 after acquiring an additional 8,141 shares during the period. LPL Financial LLC raised its holdings 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 purchasing an additional 93,341 shares during the last quarter. Finally, Amplius Wealth Advisors LLC lifted its holdings in shares of iShares Global 100 ETF by 1.3% in the 3rd 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 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.