iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Hits New 12-Month High – Should You Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $102.69 and last traded at $102.67, with a volume of 93146 shares traded. The stock had previously closed at $101.33.

iShares Expanded Tech Sector ETF Stock Up 1.1 %

The company has a 50 day moving average of $98.29 and a 200 day moving average of $94.11. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

Institutional Trading of iShares Expanded Tech Sector ETF

Several institutional investors and hedge funds have recently bought and sold shares of IGM. Signature Estate & Investment Advisors LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 76.7% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,783,263 shares of the exchange traded fund’s stock valued at $168,180,000 after buying an additional 774,192 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of iShares Expanded Tech Sector ETF by 64.7% during the third 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 in the last quarter. Wellington Management Group LLP purchased a new position in shares of iShares Expanded Tech Sector ETF during the third quarter valued at $40,436,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of iShares Expanded Tech Sector ETF by 57.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 427,716 shares of the exchange traded fund’s stock valued at $40,338,000 after buying an additional 156,117 shares in the last quarter. Finally, SteelPeak Wealth LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the second quarter valued at $13,407,000.

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).