Freedom Investment Management Inc. Invests $322,000 in iShares S&P 100 ETF (NYSEARCA:OEF)

Freedom Investment Management Inc. acquired a new stake in iShares S&P 100 ETF (NYSEARCA:OEF) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,162 shares of the company’s stock, valued at approximately $322,000.

Several other hedge funds have also added to or reduced their stakes in the business. Fifth Third Bancorp lifted its holdings in 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 buying an additional 43,084 shares during the period. Sigma Investment Counselors Inc. lifted its stake in shares of iShares S&P 100 ETF by 7.2% in the third quarter. Sigma Investment Counselors Inc. now owns 1,417,510 shares of the company’s stock worth $392,310,000 after acquiring an additional 95,510 shares during the period. Merriman Wealth Management LLC boosted its holdings in iShares S&P 100 ETF by 1.1% in the second quarter. Merriman Wealth Management LLC now owns 751,929 shares of the company’s stock valued at $198,735,000 after acquiring an additional 8,108 shares during the last quarter. LPL Financial LLC increased its position in iShares S&P 100 ETF by 3.8% during the 3rd quarter. LPL Financial LLC now owns 684,864 shares of the company’s stock valued at $189,543,000 after purchasing an additional 24,946 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in iShares S&P 100 ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 616,360 shares of the company’s stock worth $162,904,000 after purchasing an additional 35,071 shares during the last quarter.

iShares S&P 100 ETF Stock Performance

NYSEARCA:OEF opened at $290.15 on Friday. iShares S&P 100 ETF has a 52 week low of $213.40 and a 52 week high of $290.77. The firm’s fifty day moving average is $281.59 and its 200-day moving average is $269.80. The firm has a market cap of $13.99 billion, a P/E ratio of 28.76 and a beta of 1.04.

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.