Mathes Company Inc. Trims Stake in iShares Expanded Tech Sector ETF $IGM

Mathes Company Inc. cut its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 140,424 shares of the exchange traded fund’s stock after selling 4,025 shares during the period. iShares Expanded Tech Sector ETF makes up approximately 6.3% of Mathes Company Inc.’s investment portfolio, making the stock its largest holding. Mathes Company Inc. owned about 0.19% of iShares Expanded Tech Sector ETF worth $17,686,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IGM. Focus Partners Advisor Solutions LLC acquired a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth about $226,000. Arete Wealth Advisors LLC boosted its stake in iShares Expanded Tech Sector ETF by 40.1% during the 3rd quarter. Arete Wealth Advisors LLC now owns 25,452 shares of the exchange traded fund’s stock worth $3,206,000 after acquiring an additional 7,288 shares during the last quarter. Caitlin John LLC acquired a new position in iShares Expanded Tech Sector ETF during the third quarter valued at approximately $55,000. Accredited Wealth Management LLC increased its stake in iShares Expanded Tech Sector ETF by 257.1% in the third quarter. Accredited Wealth Management LLC now owns 550 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 396 shares in the last quarter. Finally, Choreo LLC raised its holdings in iShares Expanded Tech Sector ETF by 3.4% in the third quarter. Choreo LLC now owns 3,267 shares of the exchange traded fund’s stock worth $412,000 after purchasing an additional 107 shares during the period.

iShares Expanded Tech Sector ETF Stock Up 0.5%

Shares of NYSEARCA IGM opened at $124.79 on Tuesday. iShares Expanded Tech Sector ETF has a twelve month low of $76.26 and a twelve month high of $135.81. The company’s fifty day moving average is $128.21 and its 200-day moving average is $127.00. The stock has a market cap of $8.60 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27.

iShares Expanded Tech Sector ETF Profile

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.