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

Shares of iShares S&P 100 ETF (NYSEARCA:OEF) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $290.54 and last traded at $290.49, with a volume of 32469 shares changing hands. The stock had previously closed at $288.46.

iShares S&P 100 ETF Price Performance

The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. The firm’s fifty day moving average is $281.28 and its 200-day moving average is $269.37.

Institutional Investors Weigh In On iShares S&P 100 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of OEF. International Assets Investment Management LLC increased its position in shares of iShares S&P 100 ETF by 31,481.5% during the third quarter. International Assets Investment Management LLC now owns 374,872 shares of the company’s stock worth $103,750,000 after acquiring an additional 373,685 shares in the last quarter. Kovitz Investment Group Partners LLC increased its position in shares of iShares S&P 100 ETF by 8,529.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 375,620 shares of the company’s stock worth $103,375,000 after acquiring an additional 371,267 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of iShares S&P 100 ETF during the second quarter worth about $545,000. Sanctuary Advisors LLC bought a new stake in shares of iShares S&P 100 ETF during the second quarter worth about $36,855,000. Finally, Cerity Partners LLC increased its position in shares of iShares S&P 100 ETF by 390.5% during the third quarter. Cerity Partners LLC now owns 159,901 shares of the company’s stock worth $44,254,000 after acquiring an additional 127,304 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.