iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 52-Week High – Here’s Why

iShares S&P 100 ETF (NYSEARCA:OEF) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $290.54 and last traded at $290.49, with a volume of 32469 shares. 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 PE ratio of 28.76 and a beta of 1.04. The stock’s fifty day simple moving average is $281.59 and its 200-day simple moving average is $269.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Hershey Financial Advisers LLC purchased a new stake in iShares S&P 100 ETF in the second quarter valued at $29,000. NBT Bank N A NY increased its holdings in shares of iShares S&P 100 ETF by 1,542.9% during the 2nd quarter. NBT Bank N A NY now owns 115 shares of the company’s stock valued at $30,000 after purchasing an additional 108 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new position in shares of iShares S&P 100 ETF during the 2nd quarter valued at approximately $37,000. Hantz Financial Services Inc. raised its position in shares of iShares S&P 100 ETF by 96.7% in the third quarter. Hantz Financial Services Inc. now owns 177 shares of the company’s stock worth $49,000 after acquiring an additional 87 shares during the period. Finally, Sugarloaf Wealth Management LLC boosted its stake in shares of iShares S&P 100 ETF by 66.4% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 203 shares of the company’s stock worth $54,000 after acquiring an additional 81 shares in the last quarter.

iShares S&P 100 ETF Company Profile

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.