AdvisorNet Financial Inc Boosts Stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

AdvisorNet Financial Inc grew its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 796.7% during the fourth quarter, Holdings Channel reports. The fund owned 538 shares of the exchange traded fund’s stock after purchasing an additional 478 shares during the period. AdvisorNet Financial Inc’s holdings in iShares Expanded Tech Sector ETF were worth $55,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IGM. Signature Estate & Investment Advisors LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 4.0% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,855,115 shares of the exchange traded fund’s stock worth $177,980,000 after purchasing an additional 71,852 shares in the last quarter. Bank of Montreal Can raised its stake in iShares Expanded Tech Sector ETF by 64.7% during the 3rd quarter. Bank of Montreal Can now owns 1,199,146 shares of the exchange traded fund’s stock valued at $114,662,000 after buying an additional 471,204 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares Expanded Tech Sector ETF by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock valued at $70,551,000 after buying an additional 88,089 shares during the last quarter. Wellington Management Group LLP purchased a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter valued at $40,436,000. Finally, Envestnet Asset Management Inc. raised its stake in iShares Expanded Tech Sector ETF by 17.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 313,372 shares of the exchange traded fund’s stock valued at $29,554,000 after buying an additional 46,106 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $103.92 on Friday. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a one year low of $75.66 and a one year high of $107.19. The business has a fifty day moving average price of $102.90 and a 200-day moving average price of $97.12.

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).