US Bancorp DE Has $5.91 Million Stake in iShares Expanded Tech Sector ETF $IGM

US Bancorp DE increased its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 44.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,884 shares of the exchange traded fund’s stock after acquiring an additional 14,509 shares during the period. US Bancorp DE’s holdings in iShares Expanded Tech Sector ETF were worth $5,905,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WestEnd Advisors LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter valued at $224,760,000. Assetmark Inc. raised its stake in iShares Expanded Tech Sector ETF by 22,603.5% in the 3rd quarter. Assetmark Inc. now owns 195,477 shares of the exchange traded fund’s stock valued at $24,620,000 after acquiring an additional 194,616 shares during the period. B. Riley Wealth Advisors Inc. purchased a new stake in iShares Expanded Tech Sector ETF during the second quarter valued at about $2,642,000. First Horizon Corp purchased a new stake in iShares Expanded Tech Sector ETF during the third quarter valued at about $596,000. Finally, Ashton Thomas Securities LLC bought a new position in iShares Expanded Tech Sector ETF during the third quarter worth about $814,000.

iShares Expanded Tech Sector ETF Stock Down 0.9%

IGM opened at $124.23 on Monday. The firm has a 50-day moving average price of $128.32 and a 200-day moving average price of $126.96. iShares Expanded Tech Sector ETF has a twelve month low of $76.26 and a twelve month high of $135.81. The company has a market capitalization of $8.56 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27.

About iShares Expanded Tech Sector ETF

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.