Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $159.63 and last traded at $159.32, with a volume of 31088 shares traded. The stock had previously closed at $157.19.
iShares Expanded Tech Sector ETF Price Performance
The company’s 50-day moving average price is $137.60 and its 200-day moving average price is $131.44. The company has a market cap of $10.71 billion, a P/E ratio of 34.08 and a beta of 1.36.
Institutional Investors Weigh In On iShares Expanded Tech Sector ETF
Several large investors have recently made changes to their positions in IGM. AQR Capital Management LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the first quarter worth $274,000. Goldman Sachs Group Inc. increased its position in shares of iShares Expanded Tech Sector ETF by 6.1% during 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 in the last quarter. First Trust Advisors LP increased its position in shares of iShares Expanded Tech Sector ETF by 13.1% during 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 in the last quarter. Marshall Wace LLP bought a new stake in shares of iShares Expanded Tech Sector ETF during the second quarter worth $3,083,000. Finally, Qube Research & Technologies Ltd increased its position in shares of iShares Expanded Tech Sector ETF by 3.7% during 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 in the last quarter.
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.
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