iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 12-Month High – Here’s What Happened

iShares S&P 100 ETF (NYSEARCA:OEF) shares reached a new 52-week high on Tuesday . The company traded as high as $277.12 and last traded at $276.93, with a volume of 164074 shares traded. The stock had previously closed at $273.65.

iShares S&P 100 ETF Stock Performance

The firm has a market capitalization of $13.35 billion, a PE ratio of 28.76 and a beta of 1.04. The stock’s 50 day simple moving average is $267.35 and its two-hundred day simple moving average is $259.02.

Institutional Investors Weigh In On iShares S&P 100 ETF

A number of hedge funds have recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of iShares S&P 100 ETF by 1.9% during the 2nd quarter. Fifth Third Bancorp now owns 2,342,784 shares of the company’s stock worth $619,198,000 after purchasing an additional 43,084 shares during the period. Sigma Investment Counselors Inc. boosted its stake in iShares S&P 100 ETF by 6.8% during the second quarter. Sigma Investment Counselors Inc. now owns 1,322,000 shares of the company’s stock worth $349,405,000 after buying an additional 84,738 shares during the period. Merriman Wealth Management LLC increased its position in shares of iShares S&P 100 ETF by 1.1% during the second quarter. Merriman Wealth Management LLC now owns 751,929 shares of the company’s stock valued at $198,735,000 after acquiring an additional 8,108 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares S&P 100 ETF by 5.7% in the 2nd quarter. LPL Financial LLC now owns 659,918 shares of the company’s stock valued at $174,416,000 after acquiring an additional 35,340 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of iShares S&P 100 ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 616,360 shares of the company’s stock worth $162,904,000 after acquiring an additional 35,071 shares during the last quarter.

iShares S&P 100 ETF Company Profile

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.