iShares S&P 100 ETF (NYSEARCA:OEF) Sees Strong Trading Volume – What’s Next?

iShares S&P 100 ETF (NYSEARCA:OEF) shares saw an uptick in trading volume on Thursday . 864,513 shares were traded during mid-day trading, an increase of 301% from the previous session’s volume of 215,812 shares.The stock last traded at $290.43 and had previously closed at $290.71.

iShares S&P 100 ETF Stock Performance

The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 28.56 and a beta of 0.99. The business’s 50 day moving average price is $293.45 and its 200-day moving average price is $284.34.

Institutional Investors Weigh In On iShares S&P 100 ETF

A number of institutional investors have recently modified their holdings of OEF. Demars Financial Group LLC grew its position in shares of iShares S&P 100 ETF by 28,231.0% during the 4th quarter. Demars Financial Group LLC now owns 50,716,939 shares of the company’s stock valued at $14,649,588,000 after buying an additional 50,537,923 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in shares of iShares S&P 100 ETF by 8,529.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 375,620 shares of the company’s stock valued at $103,375,000 after buying an additional 371,267 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares S&P 100 ETF during the 4th quarter valued at about $91,970,000. Strategic Financial Concepts LLC grew its position in iShares S&P 100 ETF by 28,806.1% in the 4th quarter. Strategic Financial Concepts LLC now owns 228,936 shares of the company’s stock worth $66,128,000 after purchasing an additional 228,144 shares during the last quarter. Finally, Quantum Financial Advisors LLC bought a new position in iShares S&P 100 ETF in the 4th quarter worth about $62,836,000.

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.