iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 857,744 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 742,848 shares.The stock last traded at $152.71 and had previously closed at $153.10.
iShares Expanded Tech Sector ETF Stock Up 0.9%
The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 34.08 and a beta of 1.36. The stock’s 50 day moving average price is $130.58 and its two-hundred day moving average price is $129.62.
Hedge Funds Weigh In On iShares Expanded Tech Sector ETF
A number of hedge funds have recently modified their holdings of IGM. AQR Capital Management LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the first quarter worth $274,000. Goldman Sachs Group Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 179,105 shares of the exchange traded fund’s stock worth $16,239,000 after acquiring an additional 10,218 shares during the last quarter. First Trust Advisors LP increased its stake in shares of iShares Expanded Tech Sector ETF by 13.1% in the second quarter. First Trust Advisors LP now owns 58,839 shares of the exchange traded fund’s stock worth $6,610,000 after acquiring an additional 6,811 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of iShares Expanded Tech Sector ETF in the second quarter worth $3,083,000. Finally, Qube Research & Technologies Ltd increased its stake in shares of iShares Expanded Tech Sector ETF by 3.7% in the second quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock worth $367,000 after acquiring an additional 118 shares during the last quarter.
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). 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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