iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 12-Month High – Time to Buy?

iShares S&P 100 ETF (NYSEARCA:OEF)’s share price hit a new 52-week high on Friday . The company traded as high as $290.54 and last traded at $290.49, with a volume of 32469 shares trading hands. The stock had previously closed at $288.46.

iShares S&P 100 ETF Price Performance

The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. The business’s 50-day simple moving average is $281.28 and its two-hundred day simple moving average is $269.37.

Institutional Trading of iShares S&P 100 ETF

Hedge funds have recently added to or reduced their stakes in the stock. Quotient Wealth Partners LLC lifted its holdings in shares of iShares S&P 100 ETF by 1.1% during the third quarter. Quotient Wealth Partners LLC now owns 3,620 shares of the company’s stock worth $1,002,000 after purchasing an additional 39 shares during the period. Soltis Investment Advisors LLC lifted its holdings in shares of iShares S&P 100 ETF by 4.9% during the third quarter. Soltis Investment Advisors LLC now owns 856 shares of the company’s stock worth $237,000 after purchasing an additional 40 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of iShares S&P 100 ETF by 1.1% during the third quarter. Concurrent Investment Advisors LLC now owns 3,814 shares of the company’s stock worth $1,055,000 after purchasing an additional 41 shares during the period. Harbour Investments Inc. lifted its holdings in shares of iShares S&P 100 ETF by 5.1% during the third quarter. Harbour Investments Inc. now owns 845 shares of the company’s stock worth $234,000 after purchasing an additional 41 shares during the period. Finally, ONE Advisory Partners LLC lifted its holdings in shares of 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.

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.