Palumbo Wealth Management LLC Invests $2.23 Million in iShares S&P 100 ETF $OEF

Palumbo Wealth Management LLC acquired a new position in shares of iShares S&P 100 ETF (NYSEARCA:OEF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,512 shares of the company’s stock, valued at approximately $2,233,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OEF. Physician Wealth Advisors Inc. boosted its position in shares of iShares S&P 100 ETF by 74.5% during the third quarter. Physician Wealth Advisors Inc. now owns 82 shares of the company’s stock worth $27,000 after buying an additional 35 shares during the period. Phillips Financial Management LLC acquired a new position in shares of iShares S&P 100 ETF during the third quarter worth approximately $30,000. Corsicana & Co. acquired a new position in shares of iShares S&P 100 ETF during the third quarter worth approximately $32,000. Lodestone Wealth Management LLC acquired a new position in shares of iShares S&P 100 ETF during the fourth quarter worth approximately $34,000. Finally, Sage Mountain Advisors LLC boosted its position in shares of iShares S&P 100 ETF by 125.5% during the third quarter. Sage Mountain Advisors LLC now owns 106 shares of the company’s stock worth $35,000 after buying an additional 59 shares during the period.

iShares S&P 100 ETF Trading Up 0.1%

Shares of NYSEARCA OEF opened at $322.20 on Wednesday. The stock has a 50 day simple moving average of $331.06 and a 200-day simple moving average of $336.81. The company has a market cap of $18.01 billion, a PE ratio of 27.17 and a beta of 1.01. iShares S&P 100 ETF has a 12-month low of $236.83 and a 12-month high of $349.08.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.