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

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

iShares S&P 100 ETF Trading Up 0.4%

The business’s 50 day moving average price is $344.98 and its two-hundred day moving average price is $341.78. The company has a market capitalization of $20.73 billion, a price-to-earnings ratio of 27.17 and a beta of 1.02.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OEF. First Trust Advisors LP raised its holdings in iShares S&P 100 ETF by 84.9% in the 2nd quarter. First Trust Advisors LP now owns 5,736 shares of the company’s stock valued at $1,746,000 after buying an additional 2,633 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in iShares S&P 100 ETF by 78.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 2,233 shares of the company’s stock valued at $680,000 after buying an additional 981 shares during the last quarter. HUB Investment Partners LLC bought a new position in iShares S&P 100 ETF in the 2nd quarter valued at approximately $209,000. Diversify Advisory Services LLC raised its holdings in iShares S&P 100 ETF by 3.5% in the 2nd quarter. Diversify Advisory Services LLC now owns 3,970 shares of the company’s stock valued at $1,269,000 after buying an additional 135 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in iShares S&P 100 ETF in the 2nd quarter valued at approximately $1,269,000.

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.