iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 1-Year High – Here’s Why

iShares S&P 100 ETF (NYSEARCA:OEF)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $362.47 and last traded at $362.44, with a volume of 75842 shares traded. The stock had previously closed at $358.11.

iShares S&P 100 ETF Trading Up 1.7%

The firm’s fifty day moving average price is $333.50 and its 200-day moving average price is $338.50. The company has a market cap of $20.11 billion, a P/E ratio of 27.17 and a beta of 1.02.

Institutional Trading of iShares S&P 100 ETF

A number of institutional investors and hedge funds have recently modified their holdings of OEF. Allspring Global Investments Holdings LLC bought a new stake in shares of iShares S&P 100 ETF during the first quarter valued at approximately $26,000. Bank of Jackson Hole Trust bought a new stake in shares of iShares S&P 100 ETF during the fourth quarter valued at approximately $26,000. Physician Wealth Advisors Inc. increased its stake in iShares S&P 100 ETF by 74.5% in the third quarter. Physician Wealth Advisors Inc. now owns 82 shares of the company’s stock valued at $27,000 after acquiring an additional 35 shares during the period. Phillips Financial Management LLC bought a new stake in iShares S&P 100 ETF in the third quarter valued at about $30,000. Finally, Wealth Watch Advisors INC increased its stake in iShares S&P 100 ETF by 187.1% in the fourth quarter. Wealth Watch Advisors INC now owns 89 shares of the company’s stock valued at $31,000 after acquiring an additional 58 shares during the period.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.