Cibc World Market Inc. Cuts Position in iShares Expanded Tech Sector ETF $IGM

Cibc World Market Inc. decreased its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 40.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,419 shares of the exchange traded fund’s stock after selling 83,642 shares during the period. Cibc World Market Inc. owned about 0.17% of iShares Expanded Tech Sector ETF worth $15,671,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IGM. Envestnet Asset Management Inc. boosted its position in iShares Expanded Tech Sector ETF by 843.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock valued at $423,661,000 after buying an additional 3,007,140 shares during the period. Truist Financial Corp boosted its holdings in iShares Expanded Tech Sector ETF by 1,165.7% in the third quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock valued at $253,920,000 after purchasing an additional 1,856,762 shares during the period. WestEnd Advisors LLC purchased a new position in iShares Expanded Tech Sector ETF in the third quarter valued at $224,760,000. Janney Montgomery Scott LLC grew its stake in iShares Expanded Tech Sector ETF by 915.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,914,312 shares of the exchange traded fund’s stock worth $241,108,000 after purchasing an additional 1,725,741 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in iShares Expanded Tech Sector ETF by 32.4% during the 2nd quarter. Bank of Montreal Can now owns 1,529,365 shares of the exchange traded fund’s stock worth $171,809,000 after purchasing an additional 374,304 shares during the period.

iShares Expanded Tech Sector ETF Stock Down 2.5%

Shares of NYSEARCA:IGM opened at $123.57 on Friday. iShares Expanded Tech Sector ETF has a fifty-two week low of $76.26 and a fifty-two week high of $135.81. The stock has a market cap of $8.51 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27. The firm’s 50 day moving average price is $129.63 and its 200 day moving average price is $126.21.

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.