Farther Finance Advisors LLC trimmed its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Free Report) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,691 shares of the exchange traded fund’s stock after selling 198 shares during the quarter. Farther Finance Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $155,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE increased its holdings in iShares Expanded Tech Sector ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 2,912,934 shares of the exchange traded fund’s stock worth $297,381,000 after acquiring an additional 70,407 shares during the period. Royal Bank of Canada grew its position in shares of iShares Expanded Tech Sector ETF by 1.0% during the 4th quarter. Royal Bank of Canada now owns 1,221,272 shares of the exchange traded fund’s stock valued at $124,679,000 after purchasing an additional 11,713 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 29.6% in the fourth quarter. LPL Financial LLC now owns 1,161,225 shares of the exchange traded fund’s stock worth $118,549,000 after purchasing an additional 265,134 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares Expanded Tech Sector ETF by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 785,114 shares of the exchange traded fund’s stock worth $80,152,000 after purchasing an additional 49,750 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of iShares Expanded Tech Sector ETF by 3.9% in the fourth quarter. Ameriprise Financial Inc. now owns 632,889 shares of the exchange traded fund’s stock worth $64,616,000 after buying an additional 23,490 shares in the last quarter.
iShares Expanded Tech Sector ETF Stock Performance
NYSEARCA:IGM opened at $106.11 on Friday. iShares Expanded Tech Sector ETF has a 52-week low of $76.26 and a 52-week high of $108.73. The stock has a fifty day moving average of $98.92 and a 200 day moving average of $99.72. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of 31.64 and a beta of 1.26.
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).
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