Envestnet Asset Management Inc. Reduces Stock Position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Envestnet Asset Management Inc. lessened its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 18.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 219,891 shares of the exchange traded fund’s stock after selling 50,783 shares during the quarter. Envestnet Asset Management Inc. owned about 0.38% of iShares Expanded Tech Sector ETF worth $19,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in 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 purchasing an additional 70,407 shares in the last quarter. Royal Bank of Canada increased 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 worth $124,679,000 after purchasing an additional 11,713 shares during the last quarter. LPL Financial LLC boosted 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 period. JPMorgan Chase & Co. boosted its stake in 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 during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares Expanded Tech Sector ETF by 3.9% during the fourth quarter. Ameriprise Financial Inc. now owns 632,889 shares of the exchange traded fund’s stock valued at $64,616,000 after purchasing an additional 23,490 shares during the period.

iShares Expanded Tech Sector ETF Trading Up 0.3%

Shares of IGM opened at $113.55 on Thursday. The firm has a market capitalization of $6.80 billion, a P/E ratio of 34.08 and a beta of 1.18. The firm has a fifty day moving average price of $106.74 and a 200-day moving average price of $100.61. iShares Expanded Tech Sector ETF has a 12-month low of $76.26 and a 12-month high of $113.96.

iShares Expanded Tech Sector ETF 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).