iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Reaches New 1-Year High – Should You Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $108.73 and last traded at $108.46, with a volume of 408969 shares traded. The stock had previously closed at $108.11.

iShares Expanded Tech Sector ETF Stock Down 0.7 %

The company’s 50-day moving average is $104.82 and its 200-day moving average is $99.14. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

Institutional Trading of iShares Expanded Tech Sector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aptus Capital Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth about $27,000. Morling Financial Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at about $30,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $31,000. Private Wealth Management Group LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the 4th quarter worth approximately $36,000. Finally, Howe & Rusling Inc. purchased a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $37,000.

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).