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

iShares S&P 100 ETF (NYSEARCA:OEF) hit a new 52-week high during trading on Friday . The stock traded as high as $290.54 and last traded at $290.49, with a volume of 32469 shares. The stock had previously closed at $288.46.

iShares S&P 100 ETF Stock Up 0.6 %

The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. The stock’s 50-day simple moving average is $281.59 and its two-hundred day simple moving average is $269.80.

Institutional Investors Weigh In On iShares S&P 100 ETF

Several large investors have recently bought and sold shares of OEF. Wilmington Savings Fund Society FSB acquired a new stake in iShares S&P 100 ETF during the 3rd quarter worth $196,000. World Investment Advisors LLC purchased a new stake in iShares S&P 100 ETF during the 3rd quarter valued at about $381,000. Tudor Financial Inc. purchased a new stake in iShares S&P 100 ETF during the 3rd quarter valued at about $931,000. Soltis Investment Advisors LLC raised its holdings in iShares S&P 100 ETF by 4.9% in the 3rd quarter. Soltis Investment Advisors LLC now owns 856 shares of the company’s stock valued at $237,000 after acquiring an additional 40 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in iShares S&P 100 ETF by 3.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,567 shares of the company’s stock worth $987,000 after purchasing an additional 105 shares in the last quarter.

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.