Cetera Investment Advisers Sells 42,446 Shares of iShares Expanded Tech Sector ETF $IGM

Cetera Investment Advisers lowered its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 21.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 151,371 shares of the exchange traded fund’s stock after selling 42,446 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Expanded Tech Sector ETF were worth $17,939,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IGM. AK Global Asset Management LLC bought a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter worth $2,097,000. Legacy Edge Advisors LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $1,540,000. Osprey Private Wealth LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $530,000. Dynamic Wealth Strategies LLC lifted its holdings in iShares Expanded Tech Sector ETF by 4.5% during the 4th quarter. Dynamic Wealth Strategies LLC now owns 99,109 shares of the exchange traded fund’s stock worth $12,801,000 after purchasing an additional 4,277 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in iShares Expanded Tech Sector ETF by 16.9% in the 1st quarter. Assetmark Inc. now owns 123,203 shares of the exchange traded fund’s stock worth $14,601,000 after purchasing an additional 17,786 shares during the period.

iShares Expanded Tech Sector ETF Trading Down 0.2%

iShares Expanded Tech Sector ETF stock opened at $151.60 on Tuesday. iShares Expanded Tech Sector ETF has a 1-year low of $112.60 and a 1-year high of $171.48. The firm has a market capitalization of $9.92 billion, a PE ratio of 34.08 and a beta of 1.39. The firm’s 50 day simple moving average is $159.26 and its 200 day simple moving average is $140.58.

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.