Shepherd Financial Partners LLC Invests $9.05 Million in iShares S&P 100 ETF (NYSEARCA:OEF)

Shepherd Financial Partners LLC purchased a new stake in iShares S&P 100 ETF (NYSEARCA:OEF) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,403 shares of the company’s stock, valued at approximately $9,046,000. iShares S&P 100 ETF comprises approximately 1.1% of Shepherd Financial Partners LLC’s portfolio, making the stock its 25th largest holding.

Other hedge funds also recently modified their holdings of the company. CX Institutional acquired a new position in iShares S&P 100 ETF in the 1st quarter valued at approximately $25,000. Midwest Capital Advisors LLC bought a new stake in shares of iShares S&P 100 ETF in the fourth quarter worth $28,000. Glassman Wealth Services acquired a new stake in iShares S&P 100 ETF in the fourth quarter valued at $39,000. NBT Bank N A NY increased its holdings in iShares S&P 100 ETF by 39.7% in the fourth quarter. NBT Bank N A NY now owns 162 shares of the company’s stock valued at $47,000 after purchasing an additional 46 shares during the period. Finally, Fourth Dimension Wealth LLC bought a new position in iShares S&P 100 ETF during the 4th quarter worth $52,000.

iShares S&P 100 ETF Trading Down 1.0%

Shares of OEF opened at $292.41 on Wednesday. The stock’s 50-day moving average price is $277.90 and its two-hundred day moving average price is $283.33. iShares S&P 100 ETF has a 12 month low of $232.57 and a 12 month high of $300.35. The company has a market capitalization of $19.28 billion, a PE ratio of 25.22 and a beta of 1.02.

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.