Fifth Third Bancorp Trims Stock Position in iShares S&P 100 ETF (NYSEARCA:OEF)

Fifth Third Bancorp trimmed its stake in shares of iShares S&P 100 ETF (NYSEARCA:OEF) by 0.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,363,968 shares of the company’s stock after selling 2,653 shares during the quarter. iShares S&P 100 ETF makes up approximately 2.5% of Fifth Third Bancorp’s investment portfolio, making the stock its 7th biggest position. Fifth Third Bancorp’s holdings in iShares S&P 100 ETF were worth $682,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in iShares S&P 100 ETF by 0.9% in the third quarter. JPMorgan Chase & Co. now owns 1,494,935 shares of the company’s stock worth $413,739,000 after purchasing an additional 13,236 shares in the last quarter. Sigma Investment Counselors Inc. increased its stake in shares of iShares S&P 100 ETF by 7.2% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,417,510 shares of the company’s stock valued at $392,310,000 after acquiring an additional 95,510 shares in the last quarter. LPL Financial LLC boosted its stake in iShares S&P 100 ETF by 3.8% during the third quarter. LPL Financial LLC now owns 684,864 shares of the company’s stock worth $189,543,000 after acquiring an additional 24,946 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in iShares S&P 100 ETF by 3.3% in the third quarter. PNC Financial Services Group Inc. now owns 484,616 shares of the company’s stock valued at $134,122,000 after purchasing an additional 15,684 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of iShares S&P 100 ETF by 8,529.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 375,620 shares of the company’s stock worth $103,375,000 after purchasing an additional 371,267 shares in the last quarter.

iShares S&P 100 ETF Price Performance

Shares of iShares S&P 100 ETF stock opened at $298.02 on Friday. The business has a 50-day simple moving average of $291.34 and a 200 day simple moving average of $278.69. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 28.76 and a beta of 1.04. iShares S&P 100 ETF has a one year low of $228.59 and a one year high of $299.45.

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.