DKM Wealth Management Inc. Acquires Shares of 2,556 iShares S&P 100 ETF (NYSEARCA:OEF)

DKM Wealth Management Inc. bought a new position in iShares S&P 100 ETF (NYSEARCA:OEF) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,556 shares of the company’s stock, valued at approximately $738,000. iShares S&P 100 ETF makes up about 0.7% of DKM Wealth Management Inc.’s portfolio, making the stock its 20th biggest position.

Other hedge funds also recently made changes to their positions in the company. Midwest Capital Advisors LLC bought a new position in iShares S&P 100 ETF during the fourth quarter worth $28,000. Arlington Trust Co LLC acquired a new stake in shares of iShares S&P 100 ETF during the fourth quarter worth $29,000. New Wave Wealth Advisors LLC bought a new position in shares of iShares S&P 100 ETF in the 4th quarter worth about $36,000. Glassman Wealth Services bought a new position in shares of iShares S&P 100 ETF in the 4th quarter worth about $39,000. Finally, DHJJ Financial Advisors Ltd. acquired a new position in shares of iShares S&P 100 ETF in the 4th quarter valued at about $42,000.

iShares S&P 100 ETF Stock Up 0.2 %

OEF opened at $271.42 on Wednesday. The company’s 50-day moving average price is $286.47 and its 200 day moving average price is $285.76. iShares S&P 100 ETF has a fifty-two week low of $233.95 and a fifty-two week high of $300.35. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 25.84 and a beta of 0.99.

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.