Palumbo Wealth Management LLC Decreases Stake in iShares S&P 100 ETF (NYSEARCA:OEF)

Palumbo Wealth Management LLC decreased its holdings in iShares S&P 100 ETF (NYSEARCA:OEF) by 17.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,556 shares of the company’s stock after selling 1,391 shares during the quarter. Palumbo Wealth Management LLC’s holdings in iShares S&P 100 ETF were worth $1,814,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OEF. Fifth Third Bancorp boosted its stake in shares of iShares S&P 100 ETF by 1.9% during the 2nd quarter. Fifth Third Bancorp now owns 2,342,784 shares of the company’s stock worth $619,198,000 after acquiring an additional 43,084 shares in the last quarter. Sigma Investment Counselors Inc. raised its holdings in iShares S&P 100 ETF by 7.2% during the third quarter. Sigma Investment Counselors Inc. now owns 1,417,510 shares of the company’s stock worth $392,310,000 after purchasing an additional 95,510 shares during the last quarter. Merriman Wealth Management LLC boosted its position in iShares S&P 100 ETF by 1.1% during the second quarter. Merriman Wealth Management LLC now owns 751,929 shares of the company’s stock worth $198,735,000 after purchasing an additional 8,108 shares in the last quarter. LPL Financial LLC grew its holdings in iShares S&P 100 ETF by 5.7% in the second quarter. LPL Financial LLC now owns 659,918 shares of the company’s stock valued at $174,416,000 after purchasing an additional 35,340 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of iShares S&P 100 ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 616,360 shares of the company’s stock valued at $162,904,000 after buying an additional 35,071 shares in the last quarter.

iShares S&P 100 ETF Trading Down 1.4 %

Shares of NYSEARCA:OEF traded down $3.99 during midday trading on Thursday, hitting $277.38. 43,071 shares of the stock were exchanged, compared to its average volume of 275,137. The stock has a market cap of $13.37 billion, a P/E ratio of 28.76 and a beta of 1.04. iShares S&P 100 ETF has a twelve month low of $195.65 and a twelve month high of $283.40. The company has a 50 day moving average price of $274.10 and a 200-day moving average price of $263.05.

iShares S&P 100 ETF 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.