Main Street Research LLC Invests $217,000 in iShares Expanded Tech Sector ETF $IGM

Main Street Research LLC bought a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,932 shares of the exchange traded fund’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently bought and sold shares of IGM. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at $26,000. Larson Financial Group LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 581.0% in the 1st quarter. Larson Financial Group LLC now owns 286 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 244 shares during the period. Creative Capital Management Investments LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the 2nd quarter valued at $28,000. Capital Advisors Ltd. LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the 2nd quarter valued at $37,000. Finally, Private Wealth Management Group LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 61.9% in the 1st quarter. Private Wealth Management Group LLC now owns 573 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 219 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

IGM stock opened at $130.49 on Wednesday. iShares Expanded Tech Sector ETF has a 52-week low of $76.26 and a 52-week high of $135.81. The company’s 50 day simple moving average is $125.95 and its 200-day simple moving average is $114.05. The firm has a market capitalization of $9.72 billion, a P/E 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).