iShares S&P 100 ETF (NYSEARCA:OEF) Sets New 1-Year High – Should You Buy?

Shares of iShares S&P 100 ETF (NYSEARCA:OEF) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $296.95 and last traded at $296.95, with a volume of 28692 shares trading hands. The stock had previously closed at $294.12.

iShares S&P 100 ETF Stock Up 1.1 %

The firm has a market capitalization of $14.33 billion, a P/E ratio of 28.76 and a beta of 1.04. The firm has a 50 day moving average of $283.79 and a 200-day moving average of $271.68.

Institutional Investors Weigh In On iShares S&P 100 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in OEF. Dynamic Advisor Solutions LLC lifted its stake in iShares S&P 100 ETF by 7.2% during the second quarter. Dynamic Advisor Solutions LLC now owns 4,539 shares of the company’s stock worth $1,200,000 after purchasing an additional 305 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in iShares S&P 100 ETF by 22.1% during the second quarter. Sequoia Financial Advisors LLC now owns 1,465 shares of the company’s stock worth $387,000 after purchasing an additional 265 shares during the last quarter. ORG Partners LLC acquired a new position in shares of iShares S&P 100 ETF during the second quarter worth $71,000. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares S&P 100 ETF by 4.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 61,029 shares of the company’s stock worth $16,130,000 after buying an additional 2,423 shares in the last quarter. Finally, Comprehensive Financial Consultants Institutional Inc. increased its holdings in shares of iShares S&P 100 ETF by 0.7% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 8,054 shares of the company’s stock worth $2,129,000 after buying an additional 54 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.