iShares Expanded Tech Sector ETF $IGM Position Boosted by Assetmark Inc.

Assetmark Inc. grew its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 16.9% during the first quarter, Holdings Channel.com reports. The firm owned 123,203 shares of the exchange traded fund’s stock after buying an additional 17,786 shares during the period. Assetmark Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $14,601,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IGM. Bank of America Corp DE grew its position in 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 valued at $665,119,000 after purchasing an additional 2,660,957 shares in the last quarter. Raymond James Financial Inc. lifted its position in iShares Expanded Tech Sector ETF by 393.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock worth $362,632,000 after buying an additional 2,296,259 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Expanded Tech Sector ETF by 173.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,548,418 shares of the exchange traded fund’s stock valued at $329,154,000 after buying an additional 1,617,877 shares during the period. Lido Advisors LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 3,325.3% during the 4th quarter. Lido Advisors LLC now owns 235,458 shares of the exchange traded fund’s stock valued at $30,390,000 after acquiring an additional 228,584 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of iShares Expanded Tech Sector ETF by 66.4% during the 4th quarter. Wellington Management Group LLP now owns 353,541 shares of the exchange traded fund’s stock valued at $45,663,000 after acquiring an additional 141,024 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA IGM opened at $153.30 on Monday. iShares Expanded Tech Sector ETF has a 1-year low of $112.60 and a 1-year high of $171.48. The firm’s fifty day simple moving average is $159.29 and its 200-day simple moving average is $139.55. The company has a market capitalization of $10.03 billion, a PE ratio of 34.08 and a beta of 1.39.

iShares Expanded Tech Sector ETF Company 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.