iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sets New 52-Week Low – Here’s What Happened

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $76.26 and last traded at $76.59, with a volume of 118325 shares changing hands. The stock had previously closed at $80.57.

iShares Expanded Tech Sector ETF Stock Performance

The company has a market cap of $4.64 billion, a P/E ratio of 31.39 and a beta of 1.20. The stock has a 50-day simple moving average of $99.22 and a 200 day simple moving average of $100.20.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of iShares Expanded Tech Sector ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 2,912,934 shares of the exchange traded fund’s stock valued at $297,381,000 after acquiring an additional 70,407 shares during the period. Royal Bank of Canada boosted its position in iShares Expanded Tech Sector ETF by 1.0% in the fourth quarter. Royal Bank of Canada now owns 1,221,272 shares of the exchange traded fund’s stock valued at $124,679,000 after buying an additional 11,713 shares in the last quarter. LPL Financial LLC grew its stake in iShares Expanded Tech Sector ETF by 29.6% during the fourth quarter. LPL Financial LLC now owns 1,161,225 shares of the exchange traded fund’s stock worth $118,549,000 after buying an additional 265,134 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Expanded Tech Sector ETF by 6.8% during the fourth quarter. JPMorgan Chase & Co. now owns 785,114 shares of the exchange traded fund’s stock worth $80,152,000 after buying an additional 49,750 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of iShares Expanded Tech Sector ETF by 3.9% in the fourth quarter. Ameriprise Financial Inc. now owns 632,889 shares of the exchange traded fund’s stock valued at $64,616,000 after acquiring an additional 23,490 shares during the last quarter.

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).