Seven Mile Advisory Makes New Investment in iShares S&P 100 ETF $OEF

Seven Mile Advisory bought a new position in iShares S&P 100 ETF (NYSEARCA:OEF) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 72,885 shares of the company’s stock, valued at approximately $24,259,000. iShares S&P 100 ETF makes up 3.9% of Seven Mile Advisory’s portfolio, making the stock its 3rd biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management increased its stake in iShares S&P 100 ETF by 94.7% in the 3rd quarter. Brookstone Capital Management now owns 36,006 shares of the company’s stock valued at $11,984,000 after buying an additional 17,512 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of iShares S&P 100 ETF by 37.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,479 shares of the company’s stock worth $4,819,000 after buying an additional 3,910 shares during the last quarter. Detalus Advisors LLC grew its holdings in shares of iShares S&P 100 ETF by 19.3% in the third quarter. Detalus Advisors LLC now owns 73,164 shares of the company’s stock valued at $24,352,000 after acquiring an additional 11,852 shares in the last quarter. Apex Wealth Management LLC bought a new position in shares of iShares S&P 100 ETF in the third quarter valued at approximately $1,062,000. Finally, Capital Investment Advisors LLC purchased a new stake in shares of iShares S&P 100 ETF during the third quarter valued at approximately $548,000.

iShares S&P 100 ETF Trading Down 1.5%

Shares of OEF opened at $328.54 on Friday. The stock has a 50 day moving average of $339.34 and a 200 day moving average of $337.13. The company has a market capitalization of $28.14 billion, a price-to-earnings ratio of 27.17 and a beta of 1.00. iShares S&P 100 ETF has a 12 month low of $232.57 and a 12 month high of $349.08.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.