Sovereign Financial Group Inc. Buys Shares of 2,657 iShares S&P 100 ETF (NYSEARCA:OEF)

Sovereign Financial Group Inc. purchased a new position in iShares S&P 100 ETF (NYSEARCA:OEF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,657 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fifth Third Bancorp increased its stake in shares of iShares S&P 100 ETF by 2.6% during 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 last quarter. Morgan Stanley lifted its position 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 buying an additional 14,774 shares during the last quarter. CWM LLC boosted its stake 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 worth $145,007,000 after acquiring an additional 648,291 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of iShares S&P 100 ETF by 2.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 399,706 shares of the company’s stock worth $80,197,000 after acquiring an additional 10,717 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of iShares S&P 100 ETF by 15.2% during the 4th quarter. OLD National Bancorp IN now owns 385,051 shares of the company’s stock valued at $86,017,000 after acquiring an additional 50,825 shares during the last quarter.

iShares S&P 100 ETF Price Performance

OEF traded up $0.16 on Tuesday, hitting $246.42. The company had a trading volume of 167,396 shares, compared to its average volume of 362,173. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 27.85 and a beta of 0.99. The company’s fifty day moving average price is $243.04 and its 200 day moving average price is $228.93. iShares S&P 100 ETF has a 1-year low of $188.65 and a 1-year high of $248.69.

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.