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

iShares S&P 100 ETF (NYSEARCA:OEF) reached a new 52-week high on Thursday . The company traded as high as $354.10 and last traded at $351.79, with a volume of 98989 shares traded. The stock had previously closed at $352.08.

iShares S&P 100 ETF Stock Up 0.9%

The stock has a market cap of $19.69 billion, a P/E ratio of 27.17 and a beta of 1.02. The business has a 50 day moving average price of $332.70 and a two-hundred day moving average price of $338.11.

Hedge Funds Weigh In On iShares S&P 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of OEF. Bank of Jackson Hole Trust bought a new position in shares of iShares S&P 100 ETF during the fourth quarter worth $26,000. Physician Wealth Advisors Inc. boosted its stake in iShares S&P 100 ETF by 74.5% during the third quarter. Physician Wealth Advisors Inc. now owns 82 shares of the company’s stock valued at $27,000 after buying an additional 35 shares during the last quarter. Phillips Financial Management LLC bought a new position in iShares S&P 100 ETF during the third quarter valued at approximately $30,000. Wealth Watch Advisors INC lifted its position in iShares S&P 100 ETF by 187.1% during the fourth quarter. Wealth Watch Advisors INC now owns 89 shares of the company’s stock valued at $31,000 after purchasing an additional 58 shares during the last quarter. Finally, Sarver Vrooman Wealth Advisors bought a new position in iShares S&P 100 ETF during the fourth quarter valued at $32,000.

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.