HighTower Advisors LLC Cuts Position in iShares Expanded Tech Sector ETF $IGM

HighTower Advisors LLC cut its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 39.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 42,251 shares of the exchange traded fund’s stock after selling 27,225 shares during the period. HighTower Advisors LLC owned about 0.06% of iShares Expanded Tech Sector ETF worth $5,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth $28,000. Atlantic Union Bankshares Corp grew its position in iShares Expanded Tech Sector ETF by 153.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 144 shares in the last quarter. FAS Wealth Partners Inc. purchased a new position in iShares Expanded Tech Sector ETF in the second quarter worth $28,000. KERR FINANCIAL PLANNING Corp purchased a new stake in iShares Expanded Tech Sector ETF during the third quarter valued at about $38,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at about $45,000.

iShares Expanded Tech Sector ETF Stock Down 0.4%

NYSEARCA IGM opened at $160.49 on Thursday. The company has a 50-day simple moving average of $137.60 and a two-hundred day simple moving average of $131.44. iShares Expanded Tech Sector ETF has a 12-month low of $100.88 and a 12-month high of $161.59. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 34.08 and a beta of 1.36.

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.