Modern Wealth Management LLC Has $6.05 Million Stock Position in iShares S&P 100 ETF $OEF

Modern Wealth Management LLC increased its position in shares of iShares S&P 100 ETF (NYSEARCA:OEF) by 97.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,175 shares of the company’s stock after purchasing an additional 8,987 shares during the period. Modern Wealth Management LLC’s holdings in iShares S&P 100 ETF were worth $6,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its holdings in shares of iShares S&P 100 ETF by 82.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,736,206 shares of the company’s stock worth $3,573,439,000 after buying an additional 4,846,586 shares in the last quarter. CWM LLC grew its position in iShares S&P 100 ETF by 127.5% in the third quarter. CWM LLC now owns 1,163,773 shares of the company’s stock valued at $387,350,000 after acquiring an additional 652,134 shares during the period. JPMorgan Chase & Co. grew its position in iShares S&P 100 ETF by 27.8% in the third quarter. JPMorgan Chase & Co. now owns 2,680,787 shares of the company’s stock valued at $892,274,000 after acquiring an additional 583,087 shares during the period. SoundView Advisors Inc. acquired a new position in iShares S&P 100 ETF during the third quarter worth $182,139,000. Finally, Park Avenue Securities LLC raised its stake in iShares S&P 100 ETF by 77.0% during the third quarter. Park Avenue Securities LLC now owns 994,293 shares of the company’s stock worth $330,940,000 after acquiring an additional 432,564 shares in the last quarter.

iShares S&P 100 ETF Stock Performance

Shares of NYSEARCA:OEF opened at $330.86 on Friday. The firm has a market cap of $28.34 billion, a PE ratio of 27.17 and a beta of 1.00. iShares S&P 100 ETF has a twelve month low of $232.57 and a twelve month high of $349.08. The business has a fifty day moving average of $340.28 and a 200-day moving average of $336.83.

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.