AK Global Asset Management LLC Invests $2.10 Million in iShares Expanded Tech Sector ETF $IGM

AK Global Asset Management LLC acquired a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 16,237 shares of the exchange traded fund’s stock, valued at approximately $2,097,000. iShares Expanded Tech Sector ETF makes up 1.8% of AK Global Asset Management LLC’s investment portfolio, making the stock its 14th biggest holding.

Several other large investors also recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of iShares Expanded Tech Sector ETF by 101.6% during the third quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock worth $665,119,000 after buying an additional 2,660,957 shares during the period. Envestnet Asset Management Inc. increased its position in shares of iShares Expanded Tech Sector ETF by 843.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock worth $423,661,000 after buying an additional 3,007,140 shares during the period. Raymond James Financial Inc. boosted its stake in iShares Expanded Tech Sector ETF by 393.9% during the third quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock worth $362,632,000 after acquiring an additional 2,296,259 shares in the last quarter. Bank of Montreal Can boosted its stake in iShares Expanded Tech Sector ETF by 35.6% during the third quarter. Bank of Montreal Can now owns 2,073,372 shares of the exchange traded fund’s stock worth $261,141,000 after acquiring an additional 544,007 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in iShares Expanded Tech Sector ETF by 1,165.7% during the third quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock worth $253,920,000 after acquiring an additional 1,856,762 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Up 0.8%

Shares of NYSEARCA IGM opened at $122.79 on Wednesday. The firm has a market cap of $8.03 billion, a PE ratio of 34.08 and a beta of 1.29. iShares Expanded Tech Sector ETF has a 12-month low of $78.44 and a 12-month high of $135.81. The company’s fifty day simple moving average is $123.81 and its 200 day simple moving average is $127.44.

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.