Merit Financial Group LLC Buys 26,873 Shares of iShares S&P 100 ETF (NYSEARCA:OEF)

Merit Financial Group LLC grew its stake in shares of iShares S&P 100 ETF (NYSEARCA:OEF) by 260.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,187 shares of the company’s stock after buying an additional 26,873 shares during the quarter. Merit Financial Group LLC owned 0.09% of iShares S&P 100 ETF worth $8,307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its stake in iShares S&P 100 ETF by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 2,175,194 shares of the company’s stock worth $485,917,000 after purchasing an additional 54,820 shares during the period. Morgan Stanley grew its holdings in shares of iShares S&P 100 ETF by 1.4% in the third quarter. Morgan Stanley now owns 1,067,518 shares of the company’s stock worth $214,187,000 after acquiring an additional 14,774 shares during the period. CWM LLC increased its position in shares of iShares S&P 100 ETF by 78,201.6% during the 4th quarter. CWM LLC now owns 649,120 shares of the company’s stock valued at $145,007,000 after purchasing an additional 648,291 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares S&P 100 ETF by 2.8% during the third quarter. PNC Financial Services Group Inc. now owns 399,706 shares of the company’s stock valued at $80,197,000 after buying an additional 10,717 shares during the last quarter. Finally, OLD National Bancorp IN increased its stake in shares of iShares S&P 100 ETF by 15.2% in the 4th quarter. OLD National Bancorp IN now owns 385,051 shares of the company’s stock worth $86,017,000 after purchasing an additional 50,825 shares in the last quarter.

iShares S&P 100 ETF Stock Up 1.5 %

NYSEARCA:OEF traded up $3.51 during mid-day trading on Friday, hitting $243.74. 228,131 shares of the company traded hands, compared to its average volume of 365,170. iShares S&P 100 ETF has a one year low of $185.74 and a one year high of $248.69. The firm has a market cap of $11.63 billion, a price-to-earnings ratio of 27.85 and a beta of 0.99. The stock’s fifty day moving average price is $242.76 and its 200-day moving average price is $227.68.

iShares S&P 100 ETF Profile

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.