iShares S&P 100 ETF (NYSEARCA:OEF) Sets New 12-Month High – What’s Next?

Shares of iShares S&P 100 ETF (NYSEARCA:OEF) reached a new 52-week high during trading on Tuesday . The stock traded as high as $379.32 and last traded at $379.08, with a volume of 51640 shares traded. The stock had previously closed at $374.83.

iShares S&P 100 ETF Stock Up 2.0%

The firm has a market cap of $20.53 billion, a PE ratio of 27.17 and a beta of 1.03. The company’s fifty day moving average price is $367.65 and its two-hundred day moving average price is $350.33.

Institutional Investors Weigh In On iShares S&P 100 ETF

Hedge funds have recently added to or reduced their stakes in the company. Abound Wealth Management increased its position in iShares S&P 100 ETF by 408.1% during the 2nd quarter. Abound Wealth Management now owns 813 shares of the company’s stock worth $298,000 after purchasing an additional 653 shares during the period. Wealth Group Ltd boosted its stake in shares of iShares S&P 100 ETF by 6.4% in the second quarter. Wealth Group Ltd now owns 60,430 shares of the company’s stock valued at $22,109,000 after buying an additional 3,642 shares in the last quarter. Focus Financial Network Inc. grew its holdings in iShares S&P 100 ETF by 13.0% during the second quarter. Focus Financial Network Inc. now owns 6,797 shares of the company’s stock worth $2,487,000 after acquiring an additional 783 shares during the period. Vertrix Wealth Management LLC purchased a new position in iShares S&P 100 ETF in the second quarter worth $214,000. Finally, Valeo Financial Advisors LLC lifted its holdings in iShares S&P 100 ETF by 4.5% in the second quarter. Valeo Financial Advisors LLC now owns 1,125 shares of the company’s stock valued at $412,000 after acquiring an additional 48 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.