McAdam LLC Sells 435 Shares of iShares S&P 100 ETF (NYSEARCA:OEF)

McAdam LLC cut its position in shares of iShares S&P 100 ETF (NYSEARCA:OEF) by 3.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,258 shares of the company’s stock after selling 435 shares during the period. McAdam LLC’s holdings in iShares S&P 100 ETF were worth $3,240,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in OEF. YHB Investment Advisors Inc. purchased a new position in shares of iShares S&P 100 ETF during the first quarter valued at approximately $38,000. Sugarloaf Wealth Management LLC lifted its stake in shares of iShares S&P 100 ETF by 66.4% during the 2nd quarter. Sugarloaf Wealth Management LLC now owns 203 shares of the company’s stock worth $54,000 after acquiring an additional 81 shares during the last quarter. American National Bank lifted its stake in shares of iShares S&P 100 ETF by 164.3% during the 1st quarter. American National Bank now owns 222 shares of the company’s stock worth $55,000 after acquiring an additional 138 shares during the last quarter. ORG Partners LLC purchased a new position in iShares S&P 100 ETF during the 2nd quarter valued at $71,000. Finally, ICA Group Wealth Management LLC bought a new position in iShares S&P 100 ETF in the 4th quarter valued at $92,000.

iShares S&P 100 ETF Stock Performance

OEF stock traded up $2.31 during midday trading on Friday, reaching $271.11. The company’s stock had a trading volume of 186,274 shares, compared to its average volume of 291,396. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. iShares S&P 100 ETF has a 1 year low of $193.00 and a 1 year high of $275.57. The stock has a fifty day simple moving average of $265.26 and a two-hundred day simple moving average of $252.28.

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.