iShares S&P 100 ETF (NYSEARCA:OEF) Reaches New 52-Week High – What’s Next?

iShares S&P 100 ETF (NYSEARCA:OEF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as $285.09 and last traded at $284.73, with a volume of 57382 shares changing hands. The stock had previously closed at $278.69.

iShares S&P 100 ETF Stock Performance

The company has a market capitalization of $13.97 billion, a P/E ratio of 28.76 and a beta of 1.04. The firm’s fifty day moving average is $275.71 and its 200 day moving average is $265.01.

Hedge Funds Weigh In On iShares S&P 100 ETF

Several hedge funds have recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in iShares S&P 100 ETF by 1.9% in the 2nd quarter. Fifth Third Bancorp now owns 2,342,784 shares of the company’s stock worth $619,198,000 after acquiring an additional 43,084 shares in the last quarter. Sigma Investment Counselors Inc. grew its stake in iShares S&P 100 ETF by 7.2% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,417,510 shares of the company’s stock worth $392,310,000 after acquiring an additional 95,510 shares in the last quarter. Merriman Wealth Management LLC grew its stake in iShares S&P 100 ETF by 1.1% in the 2nd quarter. Merriman Wealth Management LLC now owns 751,929 shares of the company’s stock worth $198,735,000 after acquiring an additional 8,108 shares in the last quarter. LPL Financial LLC grew its stake in iShares S&P 100 ETF by 5.7% in the 2nd quarter. LPL Financial LLC now owns 659,918 shares of the company’s stock worth $174,416,000 after acquiring an additional 35,340 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in iShares S&P 100 ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 616,360 shares of the company’s stock worth $162,904,000 after acquiring an additional 35,071 shares in the last quarter.

iShares S&P 100 ETF Company Profile

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.