Envestnet Asset Management Inc. Has $423.66 Million Holdings in iShares Expanded Tech Sector ETF $IGM

Envestnet Asset Management Inc. increased its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 843.3% during the third quarter, HoldingsChannel reports. The fund owned 3,363,724 shares of the exchange traded fund’s stock after buying an additional 3,007,140 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $423,661,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. AQR Capital Management LLC acquired a new position in iShares Expanded Tech Sector ETF in the 1st quarter worth $274,000. Goldman Sachs Group Inc. lifted its holdings 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 valued at $16,239,000 after purchasing an additional 10,218 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of iShares Expanded Tech Sector ETF during the second quarter worth about $119,000. QRG Capital Management Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the second quarter worth about $420,000. Finally, Traphagen Investment Advisors LLC raised its position in iShares Expanded Tech Sector ETF by 2.7% in the 2nd quarter. Traphagen Investment Advisors LLC now owns 33,650 shares of the exchange traded fund’s stock valued at $3,780,000 after buying an additional 883 shares during the last quarter.

iShares Expanded Tech Sector ETF Stock Down 2.8%

NYSEARCA:IGM opened at $123.52 on Thursday. The company has a market cap of $8.51 billion, a P/E ratio of 34.08 and a beta of 1.27. iShares Expanded Tech Sector ETF has a twelve month low of $76.26 and a twelve month high of $135.81. The business has a 50 day moving average price of $130.24 and a two-hundred day moving average price of $125.84.

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.