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

iShares S&P 100 ETF (NYSEARCA:OEF) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $375.69 and last traded at $374.71, with a volume of 75999 shares traded. The stock had previously closed at $373.91.

iShares S&P 100 ETF Stock Up 0.2%

The stock has a market cap of $20.83 billion, a P/E ratio of 27.17 and a beta of 1.02. The business’s 50-day simple moving average is $347.02 and its two-hundred day simple moving average is $342.30.

Hedge Funds Weigh In On iShares S&P 100 ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in iShares S&P 100 ETF by 82.3% during the third quarter. Envestnet Asset Management Inc. now owns 10,736,206 shares of the company’s stock worth $3,573,439,000 after purchasing an additional 4,846,586 shares during the period. Bank of America Corp DE boosted its position in iShares S&P 100 ETF by 4.0% during the third quarter. Bank of America Corp DE now owns 6,834,483 shares of the company’s stock worth $2,274,789,000 after purchasing an additional 262,408 shares during the period. LPL Financial LLC boosted its position in iShares S&P 100 ETF by 6.9% during the fourth quarter. LPL Financial LLC now owns 4,530,269 shares of the company’s stock worth $1,553,746,000 after purchasing an additional 290,930 shares during the period. JPMorgan Chase & Co. boosted its position in iShares S&P 100 ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,791,323 shares of the company’s stock worth $957,340,000 after purchasing an additional 110,536 shares during the period. Finally, Fifth Third Bancorp boosted its position in iShares S&P 100 ETF by 1.3% during the first quarter. Fifth Third Bancorp now owns 2,582,609 shares of the company’s stock worth $821,451,000 after purchasing an additional 33,445 shares during the period.

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