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

Shares of iShares S&P 100 ETF (NYSEARCA:OEF) reached a new 52-week high on Wednesday . The company traded as high as $285.09 and last traded at $284.73, with a volume of 57382 shares trading hands. The stock had previously closed at $278.69.

iShares S&P 100 ETF Trading Up 2.7 %

The stock has a 50 day moving average price of $274.59 and a two-hundred day moving average price of $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.

Hedge Funds Weigh In On iShares S&P 100 ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TFG Advisers LLC raised its holdings in iShares S&P 100 ETF by 2.2% in the first quarter. TFG Advisers LLC now owns 10,779 shares of the company’s stock worth $2,667,000 after purchasing an additional 227 shares during the period. Empowered Funds LLC acquired a new stake in iShares S&P 100 ETF during the 1st quarter worth $347,000. Abbrea Capital LLC raised its stake in iShares S&P 100 ETF by 1.2% during the 1st quarter. Abbrea Capital LLC now owns 124,770 shares of the company’s stock worth $30,869,000 after buying an additional 1,522 shares during the period. Wealth Forward LLC lifted its holdings in iShares S&P 100 ETF by 2.3% during the first quarter. Wealth Forward LLC now owns 47,147 shares of the company’s stock worth $11,665,000 after acquiring an additional 1,071 shares in the last quarter. Finally, Watershed Private Wealth LLC grew its stake in iShares S&P 100 ETF by 133.7% in the first quarter. Watershed Private Wealth LLC now owns 2,407 shares of the company’s stock valued at $596,000 after acquiring an additional 1,377 shares during the period.

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.