Sowell Financial Services LLC purchased a new position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 26,933 shares of the exchange traded fund’s stock, valued at approximately $4,553,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Western Wealth Management LLC purchased a new stake in iShares Expanded Tech Sector ETF during the first quarter worth about $33,000. Trust Co. of Vermont bought a new stake in iShares Expanded Tech Sector ETF in the second quarter worth about $34,000. Indiana Trust & Investment Management Co bought a new stake in iShares Expanded Tech Sector ETF in the third quarter worth about $40,000. Parallel Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF in the first quarter worth about $49,000. Finally, Cornerstone Planning Group LLC raised its position in iShares Expanded Tech Sector ETF by 98.1% in the first quarter. Cornerstone Planning Group LLC now owns 418 shares of the exchange traded fund’s stock worth $50,000 after acquiring an additional 207 shares during the period.
iShares Expanded Tech Sector ETF Stock Down 2.2%
IGM opened at $159.89 on Friday. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a twelve month low of $112.60 and a twelve month high of $175.16. The company’s 50-day moving average price is $164.01 and its two-hundred day moving average price is $148.14.
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.
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