iShares Expanded Tech Sector ETF $IGM Stock Sold by Cadent Capital Advisors LLC

Cadent Capital Advisors LLC lessened its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 42.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,010 shares of the exchange traded fund’s stock after selling 19,630 shares during the quarter. iShares Expanded Tech Sector ETF comprises about 1.0% of Cadent Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Cadent Capital Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $4,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in IGM. Farther Finance Advisors LLC lifted its position in iShares Expanded Tech Sector ETF by 2.0% during the third quarter. Farther Finance Advisors LLC now owns 16,772 shares of the exchange traded fund’s stock valued at $2,835,000 after purchasing an additional 330 shares during the period. Ayalon Insurance Comp Ltd. bought a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter worth approximately $1,999,000. Seven Bridges Advisors LLC purchased a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter valued at $25,928,000. Eastern Bank purchased a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter valued at $984,000. Finally, CX Institutional lifted its holdings in shares of iShares Expanded Tech Sector ETF by 6.2% during the 3rd quarter. CX Institutional now owns 1,866 shares of the exchange traded fund’s stock valued at $315,000 after buying an additional 109 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

Shares of IGM stock traded up $0.93 on Friday, reaching $171.79. The stock had a trading volume of 58,747 shares, compared to its average volume of 576,805. iShares Expanded Tech Sector ETF has a 1 year low of $112.60 and a 1 year high of $175.16. The stock has a market cap of $11.63 billion, a P/E ratio of 34.08 and a beta of 1.39. The company has a 50 day simple moving average of $163.63 and a 200 day simple moving average of $154.11.

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.