Contango Wealth Management LLC Invests $2 Million in iShares S&P 100 ETF $OEF

Contango Wealth Management LLC purchased a new stake in iShares S&P 100 ETF (NYSEARCA:OEF) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,303 shares of the company’s stock, valued at approximately $2,005,000. iShares S&P 100 ETF makes up approximately 2.3% of Contango Wealth Management LLC’s portfolio, making the stock its 10th largest position.

A number of other large investors have also recently added to or reduced their stakes in the stock. Bank of Jackson Hole Trust bought a new position in shares of iShares S&P 100 ETF during the fourth quarter worth about $26,000. Allspring Global Investments Holdings LLC acquired a new position in iShares S&P 100 ETF during the 1st quarter worth $26,000. Wealth Watch Advisors INC grew its stake in shares of iShares S&P 100 ETF by 187.1% in the fourth quarter. Wealth Watch Advisors INC now owns 89 shares of the company’s stock worth $31,000 after purchasing an additional 58 shares in the last quarter. Sarver Vrooman Wealth Advisors acquired a new position in shares of iShares S&P 100 ETF during the fourth quarter valued at $32,000. Finally, Hurley Capital LLC bought a new stake in shares of iShares S&P 100 ETF during the fourth quarter valued at about $37,000.

iShares S&P 100 ETF Price Performance

Shares of NYSEARCA OEF opened at $369.03 on Monday. The stock has a market cap of $19.82 billion, a P/E ratio of 27.17 and a beta of 1.03. The firm’s 50-day simple moving average is $367.58 and its 200 day simple moving average is $350.13. iShares S&P 100 ETF has a fifty-two week low of $306.18 and a fifty-two week high of $379.02.

iShares S&P 100 ETF Company 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.