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

by · The Markets Daily

Shares of iShares S&P 100 ETF (NYSEARCA:OEF – Get Free Report) hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $388.30 and last traded at $387.1130, with a volume of 129785 shares traded. The stock had previously closed at $384.83.

iShares S&P 100 ETF Stock Up 0.6%

The business has a 50 day moving average of $379.12 and a 200 day moving average of $363.70. The company has a market capitalization of $20.73 billion, a P/E ratio of 27.17 and a beta of 1.03.

Institutional Trading of iShares S&P 100 ETF

Hedge funds have recently modified their holdings of the company. Summit Wealth Partners LLC lifted its stake in shares of iShares S&P 100 ETF by 57.8% in the 1st quarter. Summit Wealth Partners LLC now owns 7,864 shares of the company’s stock valued at $2,501,000 after purchasing an additional 2,882 shares during the last quarter. Ameritas Advisory Services LLC increased its position in shares of iShares S&P 100 ETF by 158.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 5,409 shares of the company’s stock valued at $1,979,000 after purchasing an additional 3,316 shares during the last quarter. Park Edge Advisors LLC purchased a new stake in iShares S&P 100 ETF during the 1st quarter valued at $2,118,000. Optiver Holding B.V. bought a new stake in iShares S&P 100 ETF in the first quarter worth $1,672,000. Finally, Sequoia Financial Advisors LLC lifted its position in iShares S&P 100 ETF by 358.1% in the second quarter. Sequoia Financial Advisors LLC now owns 9,198 shares of the company’s stock worth $3,365,000 after buying an additional 7,190 shares during the last quarter.

About iShares S&P 100 ETF

(Get Free Report)

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.

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