iShares S&P 100 ETF (NYSEARCA:OEF) Reaches New 52-Week High – Still a Buy?

iShares S&P 100 ETF (NYSEARCA:OEF)’s share price reached a new 52-week high on Tuesday . The company traded as high as $315.00 and last traded at $315.00, with a volume of 143356 shares trading hands. The stock had previously closed at $314.01.

iShares S&P 100 ETF Price Performance

The stock has a 50-day simple moving average of $298.91 and a 200 day simple moving average of $285.77. The company has a market capitalization of $21.44 billion, a PE ratio of 27.17 and a beta of 0.99.

Institutional Trading of iShares S&P 100 ETF

A number of institutional investors have recently bought and sold shares of OEF. CX Institutional purchased a new stake in shares of iShares S&P 100 ETF in the first quarter valued at $25,000. Cornerstone Planning Group LLC lifted its position in shares of iShares S&P 100 ETF by 958.3% in the first quarter. Cornerstone Planning Group LLC now owns 127 shares of the company’s stock valued at $33,000 after acquiring an additional 115 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in shares of iShares S&P 100 ETF in the second quarter valued at $37,000. Quest 10 Wealth Builders Inc. lifted its position in shares of iShares S&P 100 ETF by 74.7% in the first quarter. Quest 10 Wealth Builders Inc. now owns 145 shares of the company’s stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares S&P 100 ETF by 126.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 136 shares of the company’s stock valued at $41,000 after acquiring an additional 76 shares in 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.