iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Stock Price Cross Above 200 Day Moving Average – What’s Next?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $148.94 and traded as high as $152.87. iShares Expanded Tech Sector ETF shares last traded at $151.08, with a volume of 377,297 shares changing hands.

iShares Expanded Tech Sector ETF Stock Performance

The stock’s fifty day moving average price is $161.52 and its two-hundred day moving average price is $149.12. The company has a market cap of $10.05 billion, a P/E ratio of 34.08 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IGM. Portfolio Resources Advisor Group Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 6.3% in the 3rd quarter. Portfolio Resources Advisor Group Inc. now owns 1,332 shares of the exchange traded fund’s stock valued at $225,000 after purchasing an additional 79 shares during the last quarter. Strait & Sound Wealth Management LLC boosted its stake in iShares Expanded Tech Sector ETF by 1.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 6,657 shares of the exchange traded fund’s stock valued at $789,000 after buying an additional 88 shares in the last quarter. Waverly Advisors LLC grew its position in iShares Expanded Tech Sector ETF by 1.1% in the first quarter. Waverly Advisors LLC now owns 9,216 shares of the exchange traded fund’s stock valued at $1,092,000 after acquiring an additional 98 shares during the last quarter. CX Institutional grew its position in iShares Expanded Tech Sector ETF by 6.2% in the third quarter. CX Institutional now owns 1,866 shares of the exchange traded fund’s stock valued at $315,000 after acquiring an additional 109 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in iShares Expanded Tech Sector ETF by 2.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,703 shares of the exchange traded fund’s stock valued at $964,000 after acquiring an additional 124 shares during 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.