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

iShares S&P 100 ETF (NYSEARCA:OEF) shares 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. The stock had previously closed at $278.69.

iShares S&P 100 ETF Stock Performance

The company’s 50 day moving average price is $274.59 and its 200 day moving average price is $264.32. The company has a market cap of $13.79 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04.

Institutional Trading of iShares S&P 100 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parsons Capital Management Inc. RI raised its holdings in iShares S&P 100 ETF by 9.3% in the 2nd quarter. Parsons Capital Management Inc. RI now owns 7,010 shares of the company’s stock worth $1,853,000 after acquiring an additional 594 shares during the period. Empowered Funds LLC bought a new position in shares of iShares S&P 100 ETF in the first quarter worth about $347,000. Fiduciary Planning LLC acquired a new position in shares of iShares S&P 100 ETF during the 2nd quarter worth about $5,192,000. Renaissance Technologies LLC boosted its stake in iShares S&P 100 ETF by 223.8% during the 2nd quarter. Renaissance Technologies LLC now owns 13,600 shares of the company’s stock valued at $3,594,000 after purchasing an additional 9,400 shares during the period. Finally, Dentgroup LLC grew its holdings in iShares S&P 100 ETF by 8.8% in the 3rd quarter. Dentgroup LLC now owns 2,487 shares of the company’s stock valued at $688,000 after buying an additional 202 shares during the last quarter.

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.