iShares S&P 100 ETF (NYSEARCA:OEF) Sets New 12-Month High – Should You Buy?

iShares S&P 100 ETF (NYSEARCA:OEF) shares reached a new 52-week high 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 Price Performance

The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. The stock’s fifty day moving average price is $272.93 and its 200-day moving average price is $261.78.

Institutional Trading of iShares S&P 100 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hershey Financial Advisers LLC bought a new stake in iShares S&P 100 ETF during the 2nd quarter worth approximately $29,000. NBT Bank N A NY increased its position in shares of iShares S&P 100 ETF by 1,542.9% during the second quarter. NBT Bank N A NY now owns 115 shares of the company’s stock worth $30,000 after acquiring an additional 108 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of iShares S&P 100 ETF during the second quarter worth $37,000. Sugarloaf Wealth Management LLC lifted its position in iShares S&P 100 ETF by 66.4% in the 2nd quarter. Sugarloaf Wealth Management LLC now owns 203 shares of the company’s stock valued at $54,000 after acquiring an additional 81 shares in the last quarter. Finally, Eastern Bank acquired a new position in iShares S&P 100 ETF in the 3rd quarter worth $69,000.

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.