NewEdge Advisors LLC Lowers Stock Holdings in iShares Expanded Tech Sector ETF $IGM

NewEdge Advisors LLC lessened its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 19.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,959 shares of the exchange traded fund’s stock after selling 10,692 shares during the period. NewEdge Advisors LLC owned 0.07% of iShares Expanded Tech Sector ETF worth $5,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. United Community Bank lifted its position in iShares Expanded Tech Sector ETF by 10.7% during the 4th quarter. United Community Bank now owns 797 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 77 shares during the period. Strait & Sound Wealth Management LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 1.3% in the first quarter. Strait & Sound Wealth Management LLC now owns 6,657 shares of the exchange traded fund’s stock valued at $789,000 after purchasing an additional 88 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 8.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,157 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 89 shares during the period. Waverly Advisors LLC raised its stake in shares of iShares Expanded Tech Sector ETF by 1.1% during the first quarter. Waverly Advisors LLC now owns 9,216 shares of the exchange traded fund’s stock worth $1,092,000 after purchasing an additional 98 shares during the last quarter. Finally, World Investment Advisors raised its stake in shares of iShares Expanded Tech Sector ETF by 2.3% during the first quarter. World Investment Advisors now owns 4,684 shares of the exchange traded fund’s stock worth $555,000 after purchasing an additional 106 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA IGM opened at $162.17 on Wednesday. The stock has a fifty day moving average price of $158.63 and a 200 day moving average price of $142.70. iShares Expanded Tech Sector ETF has a 1-year low of $112.60 and a 1-year high of $171.48. The company has a market cap of $10.65 billion, a PE ratio of 34.08 and a beta of 1.39.

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). 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.