iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Stock Position Lowered by TFC Financial Management Inc.

TFC Financial Management Inc. decreased its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,000 shares of the exchange traded fund’s stock after selling 210 shares during the quarter. TFC Financial Management Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $306,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IGM. Bank of Montreal Can raised its holdings in shares of 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 purchasing an additional 471,204 shares in the last quarter. Wellington Management Group LLP acquired a new position in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $40,436,000. SteelPeak Wealth LLC grew its stake in iShares Expanded Tech Sector ETF by 3,895.6% in the 4th quarter. SteelPeak Wealth LLC now owns 379,180 shares of the exchange traded fund’s stock valued at $38,710,000 after buying an additional 369,690 shares during the last quarter. Apollon Wealth Management LLC grew its position in iShares Expanded Tech Sector ETF by 4,166.1% in the 4th quarter. Apollon Wealth Management LLC now owns 103,367 shares of the exchange traded fund’s stock worth $10,553,000 after purchasing an additional 100,944 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in iShares Expanded Tech Sector ETF by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock worth $70,551,000 after purchasing an additional 88,089 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA IGM opened at $106.34 on Thursday. The company’s fifty day moving average is $104.41 and its two-hundred day moving average is $98.38. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a 52-week low of $79.47 and a 52-week high of $107.87.

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).