Arete Wealth Advisors LLC Boosts Stake in iShares S&P 100 ETF $OEF

Arete Wealth Advisors LLC lifted its position in iShares S&P 100 ETF (NYSEARCA:OEF) by 36.4% in the 3rd quarter, Holdings Channel reports. The fund owned 8,372 shares of the company’s stock after acquiring an additional 2,235 shares during the quarter. Arete Wealth Advisors LLC’s holdings in iShares S&P 100 ETF were worth $2,787,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Physician Wealth Advisors Inc. grew its stake in iShares S&P 100 ETF by 74.5% in the third quarter. Physician Wealth Advisors Inc. now owns 82 shares of the company’s stock worth $27,000 after purchasing an additional 35 shares during the period. Phillips Financial Management LLC purchased a new stake in shares of iShares S&P 100 ETF in the 3rd quarter worth about $30,000. Corsicana & Co. purchased a new stake in shares of iShares S&P 100 ETF in the 3rd quarter worth about $32,000. Sage Mountain Advisors LLC increased its stake in shares of iShares S&P 100 ETF by 125.5% in the 3rd quarter. Sage Mountain Advisors LLC now owns 106 shares of the company’s stock worth $35,000 after acquiring an additional 59 shares in the last quarter. Finally, First Command Advisory Services Inc. purchased a new position in iShares S&P 100 ETF during the 3rd quarter valued at about $39,000.

iShares S&P 100 ETF Price Performance

NYSEARCA:OEF opened at $334.88 on Friday. The firm has a market capitalization of $28.68 billion, a P/E ratio of 27.17 and a beta of 1.00. iShares S&P 100 ETF has a one year low of $232.57 and a one year high of $349.08. The company’s 50-day simple moving average is $341.48 and its 200 day simple moving average is $336.34.

About iShares S&P 100 ETF

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.