NewEdge Advisors LLC Lowers Stock Position in iShares Expanded Tech Sector ETF $IGM

NewEdge Advisors LLC decreased its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 19.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,959 shares of the exchange traded fund’s stock after selling 10,692 shares during the period. NewEdge Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $5,328,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Legacy Edge Advisors LLC acquired a new position in iShares Expanded Tech Sector ETF during the fourth quarter worth $1,540,000. Osprey Private Wealth LLC acquired a new stake in iShares Expanded Tech Sector ETF in the fourth quarter valued at $530,000. Dynamic Wealth Strategies LLC lifted its holdings in iShares Expanded Tech Sector ETF by 4.5% in the fourth quarter. Dynamic Wealth Strategies LLC now owns 99,109 shares of the exchange traded fund’s stock valued at $12,801,000 after acquiring an additional 4,277 shares during the period. Assetmark Inc. boosted its position in shares of iShares Expanded Tech Sector ETF by 16.9% during the 1st quarter. Assetmark Inc. now owns 123,203 shares of the exchange traded fund’s stock worth $14,601,000 after purchasing an additional 17,786 shares in the last quarter. Finally, GRIMES & Co WEALTH MANAGEMENT LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth $2,105,000.

iShares Expanded Tech Sector ETF Stock Down 0.4%

NYSEARCA:IGM opened at $162.17 on Wednesday. The firm’s fifty day simple moving average is $158.63 and its 200-day simple moving average is $142.70. The stock has a market cap of $10.65 billion, a PE ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a fifty-two week low of $112.60 and a fifty-two week high of $171.48.

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.