Baird Financial Group Inc. Increases Stake in iShares Expanded Tech Sector ETF $IGM

Baird Financial Group Inc. grew its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 4.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,340 shares of the exchange traded fund’s stock after purchasing an additional 406 shares during the period. Baird Financial Group Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $938,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GKV Capital Management Co. Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF in the first quarter worth about $6,102,000. Trexquant Investment LP boosted its stake in shares of iShares Expanded Tech Sector ETF by 18.3% in the first quarter. Trexquant Investment LP now owns 2,907 shares of the exchange traded fund’s stock worth $264,000 after buying an additional 449 shares during the last quarter. Comerica Bank grew its stake in shares of iShares Expanded Tech Sector ETF by 7.6% during the 1st quarter. Comerica Bank now owns 10,462 shares of the exchange traded fund’s stock worth $949,000 after purchasing an additional 739 shares during the period. Biondo Investment Advisors LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 8.2% during the 1st quarter. Biondo Investment Advisors LLC now owns 6,915 shares of the exchange traded fund’s stock worth $627,000 after purchasing an additional 525 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Expanded Tech Sector ETF by 23.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 29,948 shares of the exchange traded fund’s stock worth $2,715,000 after purchasing an additional 5,761 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA IGM opened at $120.83 on Wednesday. The stock has a market capitalization of $7.35 billion, a price-to-earnings ratio of 34.08 and a beta of 1.18. iShares Expanded Tech Sector ETF has a 12 month low of $76.26 and a 12 month high of $120.93. The firm’s 50 day simple moving average is $115.90 and its 200-day simple moving average is $103.80.

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).