World Investment Advisors purchased a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Free Report) during the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,621 shares of the exchange traded fund’s stock, valued at approximately $834,000.
Other institutional investors also recently made changes to their positions in the company. Comerica Bank raised its position in shares of iShares Expanded Tech Sector ETF by 7.6% in the 1st quarter. Comerica Bank now owns 10,462 shares of the exchange traded fund’s stock worth $949,000 after buying an additional 739 shares during the period. Trexquant Investment LP increased its stake in iShares Expanded Tech Sector ETF by 18.3% during the first quarter. Trexquant Investment LP now owns 2,907 shares of the exchange traded fund’s stock worth $264,000 after acquiring an additional 449 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 4.1% in the 1st quarter. Baird Financial Group Inc. now owns 10,340 shares of the exchange traded fund’s stock worth $938,000 after purchasing an additional 406 shares during the period. Royal Bank of Canada lifted its stake in shares of iShares Expanded Tech Sector ETF by 3.1% in the 1st quarter. Royal Bank of Canada now owns 1,259,022 shares of the exchange traded fund’s stock valued at $114,155,000 after purchasing an additional 37,750 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at about $274,000.
iShares Expanded Tech Sector ETF Stock Performance
IGM opened at $131.28 on Monday. iShares Expanded Tech Sector ETF has a 1 year low of $76.26 and a 1 year high of $135.81. The firm has a 50 day moving average price of $130.03 and a 200 day moving average price of $122.17. The company has a market cap of $9.85 billion, a PE ratio of 34.08 and a beta of 1.27.
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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