WestEnd Advisors LLC Lowers Position in iShares Expanded Tech Sector ETF $IGM

WestEnd Advisors LLC reduced its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 53.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 823,694 shares of the exchange traded fund’s stock after selling 960,787 shares during the quarter. iShares Expanded Tech Sector ETF accounts for approximately 2.5% of WestEnd Advisors LLC’s portfolio, making the stock its 13th biggest position. WestEnd Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $106,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FAS Wealth Partners Inc. purchased a new stake in iShares Expanded Tech Sector ETF in the 2nd quarter valued at $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $38,000. Avion Wealth raised its position in iShares Expanded Tech Sector ETF by 47.6% in the 3rd quarter. Avion Wealth now owns 310 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 100 shares during the last quarter. Root Financial Partners LLC purchased a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Expanded Tech Sector ETF in the 4th quarter valued at $45,000.

iShares Expanded Tech Sector ETF Trading Up 1.4%

NYSEARCA IGM opened at $138.50 on Friday. The firm has a market capitalization of $9.15 billion, a P/E ratio of 34.08 and a beta of 1.31. The business has a fifty day simple moving average of $124.48 and a 200 day simple moving average of $127.77. iShares Expanded Tech Sector ETF has a 12 month low of $81.79 and a 12 month high of $138.66.

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.