iShares S&P 100 ETF (NYSEARCA:OEF) Sees Unusually-High Trading Volume – Should You Buy?

iShares S&P 100 ETF (NYSEARCA:OEF) shares saw an uptick in trading volume on Thursday . 864,513 shares changed hands 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 company has a market cap of $14.88 billion, a price-to-earnings ratio of 28.56 and a beta of 0.99. The company’s fifty day moving average is $293.53 and its two-hundred day moving average is $284.09.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Midwest Capital Advisors LLC purchased a new position in shares of iShares S&P 100 ETF in the fourth quarter valued at approximately $28,000. Arlington Trust Co LLC acquired a new position in shares of iShares S&P 100 ETF in the 4th quarter worth approximately $29,000. New Wave Wealth Advisors LLC acquired a new stake in shares of iShares S&P 100 ETF in the fourth quarter valued at $36,000. Glassman Wealth Services acquired a new stake in shares of iShares S&P 100 ETF in the fourth quarter valued at $39,000. Finally, DHJJ Financial Advisors Ltd. purchased a new stake in shares of iShares S&P 100 ETF in the 4th quarter valued at $42,000.

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.