iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Unusually-High Trading Volume – Still a Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw an uptick in trading volume on Tuesday . 1,700,590 shares changed hands during mid-day trading, an increase of 378% from the previous session’s volume of 355,905 shares.The stock last traded at $102.59 and had previously closed at $103.46.

iShares Expanded Tech Sector ETF Stock Performance

The firm has a market cap of $6.00 billion, a PE ratio of 30.66 and a beta of 1.26. The stock has a 50-day simple moving average of $91.98 and a two-hundred day simple moving average of $99.03.

Institutional Trading of iShares Expanded Tech Sector ETF

Several large investors have recently added to or reduced their stakes in IGM. Financial Gravity Asset Management Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter worth $26,000. Larson Financial Group LLC lifted its position in iShares Expanded Tech Sector ETF by 581.0% during the first quarter. Larson Financial Group LLC now owns 286 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 244 shares in the last quarter. Aptus Capital Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at about $27,000. CX Institutional purchased a new stake in iShares Expanded Tech Sector ETF in the first quarter worth about $27,000. Finally, Morling Financial Advisors LLC bought a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter worth about $30,000.

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).