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

iShares S&P 100 ETF (NYSEARCA:OEF) hit a new 52-week high during trading on Thursday . The company traded as high as $298.59 and last traded at $298.52, with a volume of 203121 shares. The stock had previously closed at $296.84.

iShares S&P 100 ETF Stock Performance

The company’s 50 day simple moving average is $291.13 and its two-hundred day simple moving average is $278.55. The stock has a market cap of $14.39 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04.

Institutional Investors Weigh In On iShares S&P 100 ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its position in shares of iShares S&P 100 ETF by 85.8% during the 2nd quarter. Rhumbline Advisers now owns 433 shares of the company’s stock valued at $114,000 after acquiring an additional 200 shares in the last quarter. Renaissance Technologies LLC increased its holdings in iShares S&P 100 ETF by 223.8% during the 2nd quarter. Renaissance Technologies LLC now owns 13,600 shares of the company’s stock worth $3,594,000 after purchasing an additional 9,400 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in iShares S&P 100 ETF by 137.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,744 shares of the company’s stock valued at $3,632,000 after buying an additional 7,949 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in iShares S&P 100 ETF by 353.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 299 shares of the company’s stock worth $79,000 after buying an additional 233 shares during the last quarter. Finally, Affinity Capital Advisors LLC increased its holdings in shares of iShares S&P 100 ETF by 6.3% in the second quarter. Affinity Capital Advisors LLC now owns 32,377 shares of the company’s stock valued at $8,557,000 after purchasing an additional 1,922 shares during 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.