iShares Expanded Tech Sector ETF $IGM Shares Newly Acquired by Seven Bridges Advisors LLC

Seven Bridges Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 153,465 shares of the exchange traded fund’s stock, valued at approximately $25,928,000. iShares Expanded Tech Sector ETF accounts for 14.3% of Seven Bridges Advisors LLC’s portfolio, making the stock its 2nd biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eastern Bank bought a new position in iShares Expanded Tech Sector ETF during the 3rd quarter valued at about $984,000. CX Institutional boosted its holdings in shares of iShares Expanded Tech Sector ETF by 6.2% in the 3rd quarter. CX Institutional now owns 1,866 shares of the exchange traded fund’s stock worth $315,000 after acquiring an additional 109 shares in the last quarter. QRG Capital Management Inc. increased its holdings in iShares Expanded Tech Sector ETF by 91.9% during the 2nd quarter. QRG Capital Management Inc. now owns 4,037 shares of the exchange traded fund’s stock valued at $660,000 after purchasing an additional 1,933 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in iShares Expanded Tech Sector ETF by 6.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,706 shares of the exchange traded fund’s stock valued at $606,000 after purchasing an additional 235 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in iShares Expanded Tech Sector ETF by 73.0% in the second quarter. Integrated Wealth Concepts LLC now owns 7,016 shares of the exchange traded fund’s stock worth $1,148,000 after purchasing an additional 2,960 shares in the last quarter.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM stock traded down $0.62 during trading hours on Wednesday, hitting $173.57. 148,236 shares of the company’s stock were exchanged, compared to its average volume of 579,315. The stock’s 50-day moving average is $162.72 and its 200-day moving average is $153.40. iShares Expanded Tech Sector ETF has a 52 week low of $112.60 and a 52 week high of $175.16. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39.

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.