iShares S&P 100 ETF (NYSEARCA:OEF) Hits New 1-Year High – Here’s Why

iShares S&P 100 ETF (NYSEARCA:OEF)’s stock price hit a new 52-week high on Friday . The company traded as high as $299.52 and last traded at $299.31, with a volume of 15736 shares. The stock had previously closed at $298.95.

iShares S&P 100 ETF Price Performance

The stock has a market capitalization of $14.42 billion, a P/E ratio of 28.76 and a beta of 1.04. The stock’s fifty day moving average is $293.36 and its two-hundred day moving average is $281.43.

Hedge Funds Weigh In On iShares S&P 100 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Midwest Capital Advisors LLC acquired a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at $28,000. Arlington Trust Co LLC acquired a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at $29,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at $36,000. Glassman Wealth Services acquired a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at $39,000. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at $42,000.

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.