iShares S&P 100 ETF (NYSEARCA:OEF) Sets New 52-Week High – Time to Buy?

iShares S&P 100 ETF (NYSEARCA:OEF) shares reached a new 52-week high during trading on Monday . The company traded as high as $385.21 and last traded at $385.21, with a volume of 170675 shares traded. The stock had previously closed at $380.03.

iShares S&P 100 ETF Stock Performance

The firm’s 50-day simple moving average is $375.97 and its 200 day simple moving average is $360.02. The company has a market cap of $20.72 billion, a P/E ratio of 27.17 and a beta of 1.03.

Institutional Investors Weigh In On iShares S&P 100 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC lifted its stake in iShares S&P 100 ETF by 358.1% in the second quarter. Sequoia Financial Advisors LLC now owns 9,198 shares of the company’s stock valued at $3,365,000 after buying an additional 7,190 shares during the period. RFG Advisory LLC increased its stake in shares of iShares S&P 100 ETF by 4.7% in the 2nd quarter. RFG Advisory LLC now owns 1,985 shares of the company’s stock valued at $726,000 after acquiring an additional 89 shares during the last quarter. Alternative Investment Advisors LLC. increased its stake in shares of iShares S&P 100 ETF by 5.9% in the 2nd quarter. Alternative Investment Advisors LLC. now owns 23,553 shares of the company’s stock valued at $8,618,000 after acquiring an additional 1,306 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of iShares S&P 100 ETF by 158.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 5,409 shares of the company’s stock valued at $1,979,000 after acquiring an additional 3,316 shares during the period. Finally, Endeavor Private Wealth Inc. raised its position in shares of iShares S&P 100 ETF by 15.5% in the 2nd quarter. Endeavor Private Wealth Inc. now owns 2,645 shares of the company’s stock valued at $968,000 after acquiring an additional 354 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.