Demars Financial Group LLC Acquires 50,537,923 Shares of iShares S&P 100 ETF (NYSEARCA:OEF)

Demars Financial Group LLC boosted its holdings in iShares S&P 100 ETF (NYSEARCA:OEF) by 28,231.0% in the fourth quarter, HoldingsChannel reports. The firm owned 50,716,939 shares of the company’s stock after purchasing an additional 50,537,923 shares during the period. iShares S&P 100 ETF comprises about 45.4% of Demars Financial Group LLC’s portfolio, making the stock its largest holding. Demars Financial Group LLC owned 1.05% of iShares S&P 100 ETF worth $14,649,588,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of OEF. Midwest Capital Advisors LLC acquired a new stake in shares of iShares S&P 100 ETF in the 4th quarter valued at about $28,000. Arlington Trust Co LLC bought a new stake in iShares S&P 100 ETF in the fourth quarter valued at about $29,000. New Wave Wealth Advisors LLC acquired a new stake in iShares S&P 100 ETF during the fourth quarter valued at approximately $36,000. Glassman Wealth Services bought a new position in iShares S&P 100 ETF during the 4th quarter worth approximately $39,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in iShares S&P 100 ETF during the 4th quarter worth approximately $42,000.

iShares S&P 100 ETF Trading Down 2.5 %

Shares of NYSEARCA OEF opened at $254.52 on Thursday. The company has a market capitalization of $15.68 billion, a price-to-earnings ratio of 24.77 and a beta of 1.01. iShares S&P 100 ETF has a twelve month low of $232.57 and a twelve month high of $300.35. The business has a 50 day simple moving average of $276.12 and a 200-day simple moving average of $283.89.

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.