Sowell Financial Services LLC Buys 26,933 Shares of iShares Expanded Tech Sector ETF $IGM

Sowell Financial Services LLC bought a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 26,933 shares of the exchange traded fund’s stock, valued at approximately $4,553,000.

A number of other institutional investors have also recently made changes to their positions in IGM. Concurrent Investment Advisors LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 18.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 59,498 shares of the exchange traded fund’s stock worth $9,733,000 after acquiring an additional 9,335 shares during the period. Assetmark Inc. increased its holdings in iShares Expanded Tech Sector ETF by 16.9% in the 1st quarter. Assetmark Inc. now owns 123,203 shares of the exchange traded fund’s stock worth $14,601,000 after acquiring an additional 17,786 shares during the last quarter. Integrity Investment Advisors LLC raised its stake in iShares Expanded Tech Sector ETF by 7.0% in the 1st quarter. Integrity Investment Advisors LLC now owns 59,956 shares of the exchange traded fund’s stock valued at $7,105,000 after acquiring an additional 3,936 shares during the period. Fifth Third Bancorp raised its stake in iShares Expanded Tech Sector ETF by 409.8% in the 1st quarter. Fifth Third Bancorp now owns 27,262 shares of the exchange traded fund’s stock valued at $3,231,000 after acquiring an additional 21,914 shares during the period. Finally, William John Sempolinski bought a new stake in iShares Expanded Tech Sector ETF in the 2nd quarter valued at about $3,021,000.

iShares Expanded Tech Sector ETF Stock Down 2.2%

NYSEARCA IGM opened at $159.89 on Friday. The company has a market cap of $10.90 billion, a PE ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 52 week low of $112.60 and a 52 week high of $175.16. The firm’s 50-day simple moving average is $164.01 and its two-hundred day simple moving average is $148.14.

iShares Expanded Tech Sector ETF 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.