PMG Wealth Management Inc. Acquires New Holdings in iShares S&P 100 ETF (NYSEARCA:OEF)

PMG Wealth Management Inc. bought a new position in shares of iShares S&P 100 ETF (NYSEARCA:OEF) in the fourth quarter, HoldingsChannel reports. The firm bought 25,049 shares of the company’s stock, valued at approximately $7,235,000. iShares S&P 100 ETF comprises about 6.6% of PMG Wealth Management Inc.’s holdings, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of iShares S&P 100 ETF by 31,481.5% during the 3rd quarter. International Assets Investment Management LLC now owns 374,872 shares of the company’s stock worth $103,750,000 after purchasing an additional 373,685 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in iShares S&P 100 ETF by 8,529.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 375,620 shares of the company’s stock valued at $103,375,000 after buying an additional 371,267 shares during the last quarter. Strategic Financial Concepts LLC increased its position in iShares S&P 100 ETF by 28,806.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 228,936 shares of the company’s stock worth $66,128,000 after buying an additional 228,144 shares in the last quarter. Quantum Financial Advisors LLC acquired a new position in shares of iShares S&P 100 ETF in the fourth quarter worth $62,836,000. Finally, Lockheed Martin Investment Management Co. purchased a new stake in shares of iShares S&P 100 ETF in the fourth quarter valued at $39,110,000.

iShares S&P 100 ETF Stock Down 1.6 %

OEF opened at $294.16 on Friday. The firm has a market cap of $15.27 billion, a P/E ratio of 28.56 and a beta of 0.99. The business’s fifty day simple moving average is $293.74 and its 200 day simple moving average is $282.75. iShares S&P 100 ETF has a 52 week low of $233.95 and a 52 week high of $300.35.

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.