Concurrent Investment Advisors LLC Raises Stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Concurrent Investment Advisors LLC lifted its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 29.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,462 shares of the exchange traded fund’s stock after buying an additional 1,014 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Montag A & Associates Inc. grew its holdings in iShares Expanded Tech Sector ETF by 12.8% in the fourth quarter. Montag A & Associates Inc. now owns 211 shares of the exchange traded fund’s stock valued at $95,000 after purchasing an additional 24 shares during the period. Fortis Group Advisors LLC grew its holdings in iShares Expanded Tech Sector ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 134 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 67 shares during the period. Northwest Financial Advisors purchased a new stake in iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $40,000. Strategic Blueprint LLC grew its holdings in iShares Expanded Tech Sector ETF by 4.7% in the second quarter. Strategic Blueprint LLC now owns 2,550 shares of the exchange traded fund’s stock valued at $240,000 after purchasing an additional 114 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its holdings in iShares Expanded Tech Sector ETF by 2.9% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,409 shares of the exchange traded fund’s stock valued at $380,000 after purchasing an additional 125 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

iShares Expanded Tech Sector ETF stock opened at $89.52 on Wednesday. iShares Expanded Tech Sector ETF has a 1 year low of $60.65 and a 1 year high of $98.70. The firm has a 50 day moving average price of $92.62 and a 200 day moving average price of $88.73. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

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).