iShares S&P 100 ETF (NYSEARCA:OEF) Reaches New 1-Year High – Should You Buy?

iShares S&P 100 ETF (NYSEARCA:OEF) shares reached a new 52-week high on Thursday . The stock traded as high as $384.96 and last traded at $384.8890, with a volume of 99552 shares. The stock had previously closed at $380.05.

iShares S&P 100 ETF Stock Up 1.3%

The company has a market cap of $20.65 billion, a PE ratio of 27.17 and a beta of 1.03. The company has a 50-day moving average of $372.65 and a 200-day moving average of $356.31.

Hedge Funds Weigh In On iShares S&P 100 ETF

A number of hedge funds have recently bought and sold shares of the company. NBH Bank bought a new position in shares of iShares S&P 100 ETF in the second quarter worth $28,000. Bank of Jackson Hole Trust purchased a new stake in iShares S&P 100 ETF during the 4th quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new position in iShares S&P 100 ETF in the 1st quarter worth about $26,000. Wealth Watch Advisors INC grew its holdings in iShares S&P 100 ETF by 187.1% during the 4th quarter. Wealth Watch Advisors INC now owns 89 shares of the company’s stock valued at $31,000 after buying an additional 58 shares in the last quarter. Finally, Sarver Vrooman Wealth Advisors purchased a new position in iShares S&P 100 ETF during the 4th quarter valued at about $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.