Avantax Planning Partners Inc. Purchases New Position in iShares Expanded Tech Sector ETF $IGM

Avantax Planning Partners Inc. acquired a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,766 shares of the exchange traded fund’s stock, valued at approximately $446,000.

Several other hedge funds also recently made changes to their positions in IGM. Bank of America Corp DE grew its stake in iShares Expanded Tech Sector ETF by 101.6% during the 3rd 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 last quarter. Raymond James Financial Inc. boosted its holdings in shares of iShares Expanded Tech Sector ETF by 393.9% in the third quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after acquiring an additional 2,296,259 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares Expanded Tech Sector ETF by 173.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,548,418 shares of the exchange traded fund’s stock valued at $329,154,000 after acquiring an additional 1,617,877 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares Expanded Tech Sector ETF by 12.7% during the third quarter. Ameriprise Financial Inc. now owns 777,520 shares of the exchange traded fund’s stock worth $97,856,000 after acquiring an additional 87,324 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of iShares Expanded Tech Sector ETF by 11.8% during the fourth quarter. Wells Fargo & Company MN now owns 424,377 shares of the exchange traded fund’s stock worth $54,813,000 after acquiring an additional 44,765 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

IGM stock opened at $159.28 on Thursday. The company has a fifty day moving average price of $159.21 and a 200 day moving average price of $139.22. iShares Expanded Tech Sector ETF has a 12 month low of $112.14 and a 12 month high of $171.48. The company has a market cap of $10.42 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39.

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.