Horst & Graben Wealth Management LLC has increased its stake in the iShares S&P 100 ETF (NYSEARCA: OEF) by 25.6% during the third quarter of 2023. This expansion adds 5,136 shares to the firm’s existing holdings, bringing the total to 25,210 shares. This investment now represents approximately 1.3% of Horst & Graben’s overall portfolio, making it the 23rd largest holding for the firm. As of the latest filing with the Securities and Exchange Commission (SEC), these holdings are valued at approximately $8,391,000.
In addition to Horst & Graben, several institutional investors have adjusted their positions in the iShares S&P 100 ETF. For instance, Russell Investments Group Ltd. significantly increased its holdings by an astounding 85,250.0% in the first quarter, now owning 1,707 shares valued at $462,000 following the acquisition of 1,705 additional shares during that period.
CW Advisors LLC also entered the market during the same quarter with a new investment valued at $248,000. Meanwhile, Comerica Bank raised its stake by 9.1%, bringing its total to 12,522 shares, worth $3,391,000 after purchasing 1,040 shares.
Baird Financial Group Inc. reported a 116.2% increase in holdings, now owning 10,663 shares valued at $2,888,000. One Wealth Capital Management LLC also boosted its investment by 185.0%, acquiring an additional 5,858 shares for a total of 9,025 shares, equating to around $2,444,000.
As of October 20, 2023, the iShares S&P 100 ETF opened at $346.87. The ETF has a market capitalization of $29.33 billion, a price-to-earnings (PE) ratio of 27.17, and a beta of 1.00. Over the past twelve months, the stock has experienced a low of $232.57 and a high of $349.08. Currently, its 50-day moving average stands at $341.06, while the 200-day moving average is $324.80.
The iShares S&P 100 ETF, previously known as the iShares S&P 100 Index Fund, aims to reflect the performance of the S&P 100 Index. This index captures the performance of large-capitalization stocks in the United States, comprising blue-chip companies from various sectors within the S&P 500 Index. The fund utilizes a representative sample of the securities included in the index to achieve investment results that align closely with overall market performance.
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