HB Wealth Management LLC Reduces Holdings in iShares Expanded Tech Sector ETF $IGM

HB Wealth Management LLC lowered its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 20.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 115,929 shares of the exchange traded fund’s stock after selling 29,683 shares during the period. HB Wealth Management LLC owned about 0.17% of iShares Expanded Tech Sector ETF worth $13,739,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Tucker Asset Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at about $28,000. FAS Wealth Partners Inc. acquired a new position in iShares Expanded Tech Sector ETF during the second quarter worth approximately $28,000. Atlantic Union Bankshares Corp increased its position in iShares Expanded Tech Sector ETF by 153.2% during the fourth quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 144 shares during the period. Cary Street Partners Financial LLC purchased a new stake in iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $37,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Expanded Tech Sector ETF in the third quarter valued at approximately $38,000.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $156.84 on Friday. The company has a market capitalization of $10.27 billion, a P/E ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a twelve month low of $111.77 and a twelve month high of $171.48. The business has a 50 day simple moving average of $156.68 and a 200-day simple moving average of $137.45.

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.