Brookstone Capital Management Adjusts Position in iShares S&P 100 ETF

Brookstone Capital Management has made a significant adjustment to its holdings in the iShares S&P 100 ETF (NYSEARCA:OEF). According to a report from HoldingsChannel, the investment firm reduced its position by 17.9% during the third quarter of the year. Following this decision, Brookstone Capital Management now holds 1,025 shares of the ETF after selling 223 shares in the period.

By the conclusion of the third quarter, the total value of Brookstone Capital Management's holdings in the iShares S&P 100 ETF was approximately $284,000. This move reflects a strategic decision to manage their portfolio as market conditions evolve.

Recent Activity by Other Investors

Brookstone Capital Management is not alone in adjusting its investments. Other large institutional investors have also made notable changes to their holdings in the iShares S&P 100 ETF. For instance, Sugarloaf Wealth Management LLC increased its stake by 30.5% during the same third quarter, bringing its total to 265 shares valued at around $73,000 after acquiring an additional 62 shares.

Dynamic Advisor Solutions LLC also made a substantial investment move, raising its position in the ETF by 39.7%. This brought its ownership to 6,339 shares worth an impressive $1,754,000 after buying an additional 1,800 shares during the quarter.

Axiom Advisory LLC increased its stake by a smaller margin of 1.8% in the same period and now holds 26,305 shares valued at $7,029,000 following a purchase of 463 shares. Meanwhile, Skyline Advisors Inc. entered the scene by acquiring a new position in the ETF valued at approximately $366,000. Lastly, Affinity Capital Advisors LLC grew its stake by 4.3%, bringing its total holdings to 33,781 shares worth $9,349,000 after a recent purchase of 1,404 shares.

Performance of iShares S&P 100 ETF Stock

As of the latest trading day, the iShares S&P 100 ETF stock opened at $281.62. Its performance over the last year has seen it reach a low of $193.00 and a high of $282.18. The 50-day simple moving average stands at $269.40, while the 200-day moving average is at $260.15. The ETF currently boasts a market capitalization of $13.57 billion and shows a price-to-earnings ratio of 28.76, with a beta value of 1.04, indicating its volatility in relation to the market.

Understanding iShares S&P 100 ETF

The iShares S&P 100 ETF, also known formerly as the iShares S&P 100 Index Fund, is an exchange-traded fund that aims to deliver investment results that correspond to the price and yield performance of the S&P 100 Index. This index measures the performance of large-cap stocks within the U.S. equity market and comprises blue-chip companies across various industries, making it a key player among ETFs focused on large-cap investments.

Brookstone, OEF, ETF