iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 12-Month High – Still a Buy?

iShares S&P 100 ETF (NYSEARCA:OEF)’s share price hit a new 52-week high 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 Trading Down 0.1%

The company has a market cap of $20.64 billion, a price-to-earnings ratio of 27.17 and a beta of 1.03. The stock has a 50-day simple moving average of $376.65 and a 200-day simple moving average of $360.76.

Institutional Trading of iShares S&P 100 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC increased its stake in iShares S&P 100 ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 4,530,269 shares of the company’s stock valued at $1,553,746,000 after buying an additional 290,930 shares during the period. Focus Partners Wealth grew its stake in iShares S&P 100 ETF by 36.0% in the fourth quarter. Focus Partners Wealth now owns 1,042,292 shares of the company’s stock valued at $357,453,000 after purchasing an additional 275,818 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of iShares S&P 100 ETF by 4.1% during the 4th quarter. JPMorgan Chase & Co. now owns 2,791,323 shares of the company’s stock worth $957,340,000 after purchasing an additional 110,536 shares in the last quarter. MML Investors Services LLC grew its stake in shares of iShares S&P 100 ETF by 11.4% in the 4th quarter. MML Investors Services LLC now owns 900,318 shares of the company’s stock valued at $308,782,000 after buying an additional 92,104 shares in the last quarter. Finally, First National Bank of Omaha bought a new position in iShares S&P 100 ETF during the fourth quarter valued at approximately $15,093,000.

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.