Lido Advisors LLC Grows Position in iShares Expanded Tech Sector ETF $IGM

Lido Advisors LLC boosted its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 3,325.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,458 shares of the exchange traded fund’s stock after buying an additional 228,584 shares during the quarter. Lido Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $30,390,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in iShares Expanded Tech Sector ETF by 101.6% during the 3rd quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock valued at $665,119,000 after buying an additional 2,660,957 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Expanded Tech Sector ETF by 843.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock valued at $423,661,000 after buying an additional 3,007,140 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in iShares Expanded Tech Sector ETF by 393.9% during the 3rd quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after buying an additional 2,296,259 shares in the last quarter. Bank of Montreal Can lifted its holdings in iShares Expanded Tech Sector ETF by 35.6% during the 3rd quarter. Bank of Montreal Can now owns 2,073,372 shares of the exchange traded fund’s stock valued at $261,141,000 after buying an additional 544,007 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in iShares Expanded Tech Sector ETF by 1.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 930,541 shares of the exchange traded fund’s stock valued at $117,202,000 after buying an additional 13,536 shares in the last quarter.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM opened at $167.04 on Friday. iShares Expanded Tech Sector ETF has a 1-year low of $104.78 and a 1-year high of $171.48. The company has a 50-day moving average of $143.00 and a 200 day moving average of $133.04. The firm has a market capitalization of $11.15 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39.

iShares Expanded Tech Sector ETF Company 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.