iShares S&P 100 ETF (NYSEARCA:OEF) Sets New 52-Week High – Time to Buy?

iShares S&P 100 ETF (NYSEARCA:OEF)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $385.21 and last traded at $385.21, with a volume of 170675 shares changing hands. The stock had previously closed at $380.03.

iShares S&P 100 ETF Stock Up 1.6%

The company’s fifty day simple moving average is $375.97 and its two-hundred day simple moving average is $360.02. The company has a market capitalization of $20.72 billion, a price-to-earnings ratio of 27.17 and a beta of 1.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OEF. Swmg LLC lifted its position in shares of iShares S&P 100 ETF by 5.8% in the fourth quarter. Swmg LLC now owns 45,253 shares of the company’s stock worth $15,459,000 after purchasing an additional 2,481 shares in the last quarter. Vantus Wealth LLC acquired a new stake in iShares S&P 100 ETF in the 4th quarter valued at $1,697,000. Vise Technologies Inc. increased its stake in iShares S&P 100 ETF by 60.5% in the 4th quarter. Vise Technologies Inc. now owns 23,086 shares of the company’s stock valued at $7,918,000 after buying an additional 8,705 shares during the last quarter. Summit Wealth Partners LLC increased its stake in iShares S&P 100 ETF by 57.8% in the 1st quarter. Summit Wealth Partners LLC now owns 7,864 shares of the company’s stock valued at $2,501,000 after buying an additional 2,882 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC lifted its position in iShares S&P 100 ETF by 21.2% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 22,528 shares of the company’s stock worth $7,734,000 after buying an additional 3,933 shares in the last quarter.

About iShares S&P 100 ETF

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.