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

iShares S&P 100 ETF (NYSEARCA:OEF) hit a new 52-week high on Tuesday . The company traded as high as $379.32 and last traded at $379.08, with a volume of 51640 shares changing hands. The stock had previously closed at $374.83.

iShares S&P 100 ETF Stock Performance

The company has a fifty day simple moving average of $367.96 and a two-hundred day simple moving average of $350.86. The firm has a market capitalization of $20.43 billion, a PE ratio of 27.17 and a beta of 1.03.

Institutional Trading of iShares S&P 100 ETF

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