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

iShares S&P 100 ETF (NYSEARCA:OEF) shares hit a new 52-week high on Thursday . The stock traded as high as $354.10 and last traded at $351.79, with a volume of 98989 shares changing hands. The stock had previously closed at $352.08.

iShares S&P 100 ETF Trading Up 0.5%

The company has a market capitalization of $19.69 billion, a PE ratio of 27.17 and a beta of 1.02. The business’s fifty day moving average is $333.09 and its two-hundred day moving average is $338.23.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OEF. Bank of Jackson Hole Trust purchased a new stake in shares of iShares S&P 100 ETF during the fourth quarter valued at $26,000. Physician Wealth Advisors Inc. raised its position in iShares S&P 100 ETF by 74.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 35 shares during the last quarter. Phillips Financial Management LLC bought a new position in iShares S&P 100 ETF during the 3rd quarter valued at about $30,000. Wealth Watch Advisors INC lifted its stake in iShares S&P 100 ETF by 187.1% during the 4th 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. Finally, Sarver Vrooman Wealth Advisors purchased a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at about $32,000.

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