iShares S&P 100 ETF (NYSEARCA:OEF) Sees Strong Trading Volume – What’s Next?

iShares S&P 100 ETF (NYSEARCA:OEF) shares saw unusually-high trading volume on Thursday . Approximately 864,513 shares changed hands during trading, an increase of 301% from the previous session’s volume of 215,812 shares.The stock last traded at $290.43 and had previously closed at $290.71.

iShares S&P 100 ETF Stock Up 1.8 %

The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 28.56 and a beta of 0.99. The firm’s 50 day moving average is $293.45 and its 200 day moving average is $284.34.

Institutional Investors Weigh In On iShares S&P 100 ETF

Hedge funds have recently made changes to their positions in the company. Midwest Capital Advisors LLC purchased a new stake in shares of iShares S&P 100 ETF in the 4th quarter valued at approximately $28,000. Arlington Trust Co LLC purchased a new stake in iShares S&P 100 ETF in the 4th quarter worth approximately $29,000. New Wave Wealth Advisors LLC purchased a new stake in iShares S&P 100 ETF in the 4th quarter worth approximately $36,000. Glassman Wealth Services purchased a new stake in iShares S&P 100 ETF in the 4th quarter worth approximately $39,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in iShares S&P 100 ETF in the 4th quarter worth approximately $42,000.

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.