Royal Bank of Canada Sells 36,408 Shares of iShares Expanded Tech Sector ETF $IGM

Royal Bank of Canada trimmed its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 2.9% in the first quarter, HoldingsChannel reports. The firm owned 1,234,791 shares of the exchange traded fund’s stock after selling 36,408 shares during the period. Royal Bank of Canada’s holdings in iShares Expanded Tech Sector ETF were worth $146,337,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the 1st quarter valued at $293,000. Quantinno Capital Management LP increased its holdings in shares of iShares Expanded Tech Sector ETF by 5.8% in the first quarter. Quantinno Capital Management LP now owns 37,659 shares of the exchange traded fund’s stock worth $4,463,000 after acquiring an additional 2,076 shares in the last quarter. Waverly Advisors LLC raised its holdings in iShares Expanded Tech Sector ETF by 1.1% during the 1st quarter. Waverly Advisors LLC now owns 9,216 shares of the exchange traded fund’s stock worth $1,092,000 after buying an additional 98 shares during the period. Compound Planning Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 22.9% during the first quarter. Compound Planning Inc. now owns 6,149 shares of the exchange traded fund’s stock worth $729,000 after acquiring an additional 1,144 shares during the period. Finally, Dynamic Wealth Strategies LLC raised its stake in shares of iShares Expanded Tech Sector ETF by 2.6% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 101,716 shares of the exchange traded fund’s stock valued at $12,054,000 after purchasing an additional 2,607 shares during the period.

iShares Expanded Tech Sector ETF Stock Up 4.6%

NYSEARCA IGM opened at $152.89 on Friday. The firm’s 50 day moving average is $158.99 and its 200-day moving average is $140.97. iShares Expanded Tech Sector ETF has a 12-month low of $112.60 and a 12-month high of $171.48. The company has a market capitalization of $10.01 billion, a PE ratio of 34.08 and a beta of 1.39.

About iShares Expanded Tech Sector ETF

iShares North American Tech ETF, formerly iShares S&P North American Technology Sector 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 United States-traded technology companies, as represented by the S&P North American Technology Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.