iShares S&P 100 ETF (NYSEARCA:OEF) Sets New 12-Month High – What’s Next?

iShares S&P 100 ETF (NYSEARCA:OEF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $369.11 and last traded at $368.03, with a volume of 223215 shares. The stock had previously closed at $367.38.

iShares S&P 100 ETF Stock Performance

The firm has a market capitalization of $20.32 billion, a price-to-earnings ratio of 27.17 and a beta of 1.02. The business has a 50 day simple moving average of $335.81 and a 200-day simple moving average of $339.39.

Institutional Trading of iShares S&P 100 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in shares of iShares S&P 100 ETF by 82.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 10,736,206 shares of the company’s stock worth $3,573,439,000 after purchasing an additional 4,846,586 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares S&P 100 ETF by 4.0% during the 3rd quarter. Bank of America Corp DE now owns 6,834,483 shares of the company’s stock worth $2,274,789,000 after purchasing an additional 262,408 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares S&P 100 ETF by 6.9% during the 4th quarter. LPL Financial LLC now owns 4,530,269 shares of the company’s stock worth $1,553,746,000 after purchasing an additional 290,930 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of iShares S&P 100 ETF by 1.3% during the 1st quarter. Fifth Third Bancorp now owns 2,582,609 shares of the company’s stock worth $821,451,000 after purchasing an additional 33,445 shares during the last quarter.

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.