Destination Wealth Management Sells 27,838 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Destination Wealth Management trimmed its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 641,603 shares of the exchange traded fund’s stock after selling 27,838 shares during the quarter. iShares Expanded Tech Sector ETF comprises 2.0% of Destination Wealth Management’s holdings, making the stock its 13th biggest holding. Destination Wealth Management’s holdings in iShares Expanded Tech Sector ETF were worth $65,501,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Independent Advisor Alliance grew its holdings in iShares Expanded Tech Sector ETF by 5.2% during the third quarter. Independent Advisor Alliance now owns 3,307 shares of the exchange traded fund’s stock valued at $317,000 after purchasing an additional 162 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in iShares Expanded Tech Sector ETF by 6.1% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,285 shares of the exchange traded fund’s stock valued at $438,000 after purchasing an additional 248 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in iShares Expanded Tech Sector ETF by 4.9% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,351 shares of the exchange traded fund’s stock valued at $546,000 after purchasing an additional 251 shares during the period. Southland Equity Partners LLC grew its holdings in iShares Expanded Tech Sector ETF by 5.3% during the fourth quarter. Southland Equity Partners LLC now owns 5,303 shares of the exchange traded fund’s stock valued at $541,000 after purchasing an additional 266 shares during the period. Finally, Assetmark Inc. grew its holdings in iShares Expanded Tech Sector ETF by 41.5% during the fourth quarter. Assetmark Inc. now owns 931 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 273 shares during the period.

iShares Expanded Tech Sector ETF Trading Down 3.5 %

Shares of NYSEARCA IGM opened at $95.41 on Friday. The stock has a fifty day simple moving average of $103.81 and a two-hundred day simple moving average of $99.94. iShares Expanded Tech Sector ETF has a 1-year low of $79.68 and a 1-year high of $108.73. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 32.57 and a beta of 1.20.

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).