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

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

iShares S&P 100 ETF Price Performance

The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 28.56 and a beta of 0.99. The firm has a 50 day moving average price of $293.74 and a 200-day moving average price of $282.75.

Institutional Investors Weigh In On iShares S&P 100 ETF

Hedge funds have recently bought and sold shares of the stock. Demars Financial Group LLC increased its stake in shares of iShares S&P 100 ETF by 28,231.0% during the fourth quarter. Demars Financial Group LLC now owns 50,716,939 shares of the company’s stock worth $14,649,588,000 after buying an additional 50,537,923 shares during the period. International Assets Investment Management LLC lifted its stake in iShares S&P 100 ETF by 31,481.5% in 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 during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in iShares S&P 100 ETF by 8,529.0% during the 3rd 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. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P 100 ETF in the 4th quarter valued at approximately $91,970,000. Finally, Strategic Financial Concepts LLC raised its holdings in shares of iShares S&P 100 ETF by 28,806.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 228,936 shares of the company’s stock valued at $66,128,000 after purchasing an additional 228,144 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.