Kestra Advisory Services LLC trimmed its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Free Report) by 15.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 40,633 shares of the exchange traded fund’s stock after selling 7,470 shares during the period. Kestra Advisory Services LLC’s holdings in iShares Expanded Tech Sector ETF were worth $4,815,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. United Community Bank raised its holdings in shares of iShares Expanded Tech Sector ETF by 10.7% in the 4th quarter. United Community Bank now owns 797 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 77 shares in the last quarter. Y.D. More Investments Ltd grew its holdings in shares of iShares Expanded Tech Sector ETF by 17.6% during the fourth quarter. Y.D. More Investments Ltd now owns 529 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 79 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 8.3% during the third quarter. CIBC Private Wealth Group LLC now owns 1,157 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 89 shares in the last quarter. Stratos Wealth Partners LTD. increased its position in shares of iShares Expanded Tech Sector ETF by 1.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,624 shares of the exchange traded fund’s stock worth $1,114,000 after purchasing an additional 105 shares during the last quarter. Finally, World Investment Advisors increased its position in shares of iShares Expanded Tech Sector ETF by 2.3% in the first quarter. World Investment Advisors now owns 4,684 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 106 shares during the last quarter.
iShares Expanded Tech Sector ETF Price Performance
Shares of IGM opened at $159.28 on Thursday. iShares Expanded Tech Sector ETF has a 1-year low of $112.14 and a 1-year high of $171.48. The company has a market capitalization of $10.42 billion, a P/E ratio of 34.08 and a beta of 1.39. The firm’s 50 day simple moving average is $159.21 and its 200 day simple moving average is $139.22.
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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