Park Avenue Securities LLC bought a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Free Report) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 21,488 shares of the exchange traded fund’s stock, valued at approximately $3,632,000.
Several other institutional investors and hedge funds have also modified their holdings of the business. Trust Co. of Vermont purchased a new position in iShares Expanded Tech Sector ETF during the second quarter valued at $34,000. Indiana Trust & Investment Management Co purchased a new position in iShares Expanded Tech Sector ETF during the third quarter valued at $40,000. Western Wealth Management LLC bought a new stake in shares of iShares Expanded Tech Sector ETF in the first quarter worth about $33,000. Root Financial Partners LLC bought a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter worth approximately $54,000. Finally, Parallel Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF in the 1st quarter worth approximately $49,000.
iShares Expanded Tech Sector ETF Price Performance
Shares of IGM opened at $159.89 on Friday. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 1 year low of $112.60 and a 1 year high of $175.16. The business’s 50 day simple moving average is $164.01 and its 200-day simple moving average is $148.14.
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.
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