Lido Advisors LLC Makes New $38.73 Million Investment in iShares Expanded Tech Sector ETF $IGM

Lido Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 229,088 shares of the exchange traded fund’s stock, valued at approximately $38,725,000.

Other institutional investors have also modified their holdings of the company. WestEnd Advisors LLC acquired a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth about $119,706,000. Commonwealth Equity Services LLC purchased a new position in iShares Expanded Tech Sector ETF in the 3rd quarter valued at about $81,230,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter worth about $60,391,000. Seven Bridges Advisors LLC acquired a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter worth about $25,928,000. Finally, White Lighthouse Investment Management Inc. boosted its holdings in iShares Expanded Tech Sector ETF by 2.9% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 132,563 shares of the exchange traded fund’s stock worth $22,408,000 after buying an additional 3,739 shares during the last quarter.

iShares Expanded Tech Sector ETF Trading Down 0.6%

NYSEARCA:IGM opened at $146.70 on Wednesday. iShares Expanded Tech Sector ETF has a 12 month low of $112.60 and a 12 month high of $175.16. The stock has a 50 day moving average of $162.07 and a two-hundred day moving average of $148.83. The firm has a market cap of $10.08 billion, a P/E ratio of 34.08 and a beta of 1.42.

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.