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

iShares S&P 100 ETF (NYSEARCA:OEF)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $300.35 and last traded at $300.35, with a volume of 165845 shares. The stock had previously closed at $299.37.

iShares S&P 100 ETF Trading Down 1.6 %

The firm’s fifty day moving average is $293.74 and its 200-day moving average is $282.75. The stock has a market capitalization of $15.27 billion, a PE ratio of 28.56 and a beta of 0.99.

Institutional Investors Weigh In On iShares S&P 100 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in OEF. Michels Family Financial LLC acquired a new stake in shares of iShares S&P 100 ETF in the fourth quarter valued at $241,000. Sunbelt Securities Inc. boosted its holdings in iShares S&P 100 ETF by 7.3% during the 4th quarter. Sunbelt Securities Inc. now owns 1,257 shares of the company’s stock valued at $365,000 after acquiring an additional 86 shares during the period. GTS Securities LLC grew its position in iShares S&P 100 ETF by 101.3% in the 4th quarter. GTS Securities LLC now owns 10,497 shares of the company’s stock valued at $3,031,000 after acquiring an additional 5,282 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in iShares S&P 100 ETF during the fourth quarter worth about $52,000. Finally, JT Stratford LLC lifted its position in shares of iShares S&P 100 ETF by 2.9% during the fourth quarter. JT Stratford LLC now owns 8,724 shares of the company’s stock worth $2,520,000 after purchasing an additional 248 shares in 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.