Waterway Wealth Management LLC Invests $541,000 in iShares S&P 100 ETF $OEF

Waterway Wealth Management LLC purchased a new position in shares of iShares S&P 100 ETF (NYSEARCA:OEF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,700 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in iShares S&P 100 ETF by 4.0% in the third quarter. Bank of America Corp DE now owns 6,834,483 shares of the company’s stock worth $2,274,789,000 after purchasing an additional 262,408 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares S&P 100 ETF by 6.9% during the fourth quarter. LPL Financial LLC now owns 4,530,269 shares of the company’s stock valued at $1,553,746,000 after buying an additional 290,930 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares S&P 100 ETF by 4.1% during the fourth quarter. JPMorgan Chase & Co. now owns 2,791,323 shares of the company’s stock valued at $957,340,000 after buying an additional 110,536 shares during the last quarter. Morgan Stanley grew its stake in shares of iShares S&P 100 ETF by 6.1% during the fourth quarter. Morgan Stanley now owns 2,555,823 shares of the company’s stock valued at $876,571,000 after buying an additional 147,326 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares S&P 100 ETF by 203.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,282,015 shares of the company’s stock valued at $439,693,000 after buying an additional 859,264 shares during the last quarter.

iShares S&P 100 ETF Stock Performance

Shares of NYSEARCA OEF opened at $357.55 on Friday. iShares S&P 100 ETF has a fifty-two week low of $299.38 and a fifty-two week high of $379.02. The company has a market cap of $19.74 billion, a price-to-earnings ratio of 27.17 and a beta of 1.03. The business’s 50 day moving average price is $363.83 and its 200-day moving average price is $345.90.

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