Ridgeline Wealth LLC Buys New Stake in iShares S&P 100 ETF (NYSEARCA:OEF)

Ridgeline Wealth LLC purchased a new position in shares of iShares S&P 100 ETF (NYSEARCA:OEF) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 16,287 shares of the company’s stock, valued at approximately $4,704,000. iShares S&P 100 ETF accounts for 3.8% of Ridgeline Wealth LLC’s investment portfolio, making the stock its 8th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in OEF. International Assets Investment Management LLC grew its holdings in shares of iShares S&P 100 ETF by 31,481.5% in the 3rd quarter. International Assets Investment Management LLC now owns 374,872 shares of the company’s stock worth $103,750,000 after purchasing an additional 373,685 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of iShares S&P 100 ETF by 8,529.0% during the third quarter. Kovitz Investment Group Partners LLC now owns 375,620 shares of the company’s stock worth $103,375,000 after buying an additional 371,267 shares in the last quarter. Strategic Financial Concepts LLC bought a new position in shares of iShares S&P 100 ETF in the second quarter valued at approximately $545,000. Sanctuary Advisors LLC acquired a new position in shares of iShares S&P 100 ETF in the 2nd quarter worth approximately $36,855,000. Finally, Cerity Partners LLC grew its position in iShares S&P 100 ETF by 390.5% during the 3rd quarter. Cerity Partners LLC now owns 159,901 shares of the company’s stock worth $44,254,000 after acquiring an additional 127,304 shares during the last quarter.

iShares S&P 100 ETF Stock Up 0.8 %

OEF traded up $2.28 during trading on Monday, hitting $293.74. The company’s stock had a trading volume of 330,969 shares, compared to its average volume of 299,122. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. The firm’s 50 day moving average price is $289.34 and its two-hundred day moving average price is $276.44. iShares S&P 100 ETF has a 12 month low of $220.34 and a 12 month high of $298.44.

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.