Ridgeline Wealth LLC Acquires New Holdings in iShares S&P 100 ETF (NYSEARCA:OEF)

Ridgeline Wealth LLC bought a new position in iShares S&P 100 ETF (NYSEARCA:OEF) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,287 shares of the company’s stock, valued at approximately $4,704,000. iShares S&P 100 ETF makes up about 3.8% of Ridgeline Wealth LLC’s portfolio, making the stock its 8th largest holding.

Several other hedge funds also recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in shares of iShares S&P 100 ETF by 0.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,494,935 shares of the company’s stock valued at $413,739,000 after acquiring an additional 13,236 shares in the last quarter. Sigma Investment Counselors Inc. raised its position 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 valued at $392,310,000 after purchasing an additional 95,510 shares during the period. Merriman Wealth Management LLC lifted its stake in shares of 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 worth $198,735,000 after buying an additional 8,108 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of 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 worth $189,543,000 after buying an additional 24,946 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of 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 buying an additional 35,071 shares during the period.

iShares S&P 100 ETF Stock Up 0.8 %

NYSEARCA OEF traded up $2.28 during trading on Monday, hitting $293.74. The company’s stock had a trading volume of 330,969 shares, compared to its average volume of 299,122. iShares S&P 100 ETF has a 52 week low of $220.34 and a 52 week high of $298.44. The firm has a market cap of $14.16 billion, a P/E ratio of 28.76 and a beta of 1.04. The firm has a 50 day moving average price of $289.34 and a 200 day moving average price of $276.44.

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.