iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 52-Week High – Should You Buy?

Shares of iShares S&P 100 ETF (NYSEARCA:OEF) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $283.40 and last traded at $283.40, with a volume of 118196 shares. The stock had previously closed at $282.28.

iShares S&P 100 ETF Stock Performance

The company has a 50 day simple moving average of $272.17 and a 200 day simple moving average of $261.39. The company has a market capitalization of $13.63 billion, a PE ratio of 28.76 and a beta of 1.04.

Institutional Trading of iShares S&P 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of OEF. Quotient Wealth Partners LLC grew its stake in shares of iShares S&P 100 ETF by 1.1% in the third quarter. Quotient Wealth Partners LLC now owns 3,620 shares of the company’s stock valued at $1,002,000 after buying an additional 39 shares in the last quarter. ONE Advisory Partners LLC increased its stake in iShares S&P 100 ETF by 0.4% during the second quarter. ONE Advisory Partners LLC now owns 12,261 shares of the company’s stock worth $3,241,000 after purchasing an additional 43 shares during the period. Verus Capital Partners LLC lifted its position in shares of iShares S&P 100 ETF by 0.4% during the second quarter. Verus Capital Partners LLC now owns 11,452 shares of the company’s stock worth $3,027,000 after purchasing an additional 49 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. boosted its stake in shares of iShares S&P 100 ETF by 0.7% in the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,054 shares of the company’s stock valued at $2,129,000 after purchasing an additional 54 shares during the period. Finally, Sugarloaf Wealth Management LLC boosted its stake in shares of iShares S&P 100 ETF by 30.5% in the third quarter. Sugarloaf Wealth Management LLC now owns 265 shares of the company’s stock valued at $73,000 after purchasing an additional 62 shares during the period.

About iShares S&P 100 ETF

iShares S&P 100 ETF, formerly iShares S&P 100 Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 100 Index (the Index). The Index measures the performance of the large-capitalization sector of the United States equity market and consists of blue chip stocks from diverse industries in the S&P 500 Index.