DAVENPORT & Co LLC Takes $8.57 Million Position in iShares Expanded Tech Sector ETF $IGM

DAVENPORT & Co LLC bought a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the third quarter, according to its most recent filing with the SEC. The fund bought 68,012 shares of the exchange traded fund’s stock, valued at approximately $8,566,000. DAVENPORT & Co LLC owned 0.09% of iShares Expanded Tech Sector ETF at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Arkadios Wealth Advisors raised its position in iShares Expanded Tech Sector ETF by 1.4% in the second quarter. Arkadios Wealth Advisors now owns 7,076 shares of the exchange traded fund’s stock worth $795,000 after acquiring an additional 95 shares during the period. Qube Research & Technologies Ltd increased its stake in shares of iShares Expanded Tech Sector ETF by 3.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock worth $367,000 after purchasing an additional 118 shares during the last quarter. Etesian Wealth Advisors Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 2.8% during the 2nd quarter. Etesian Wealth Advisors Inc. now owns 5,372 shares of the exchange traded fund’s stock worth $603,000 after purchasing an additional 147 shares during the last quarter. Channel Wealth LLC raised its holdings in shares of iShares Expanded Tech Sector ETF by 4.7% in the 3rd quarter. Channel Wealth LLC now owns 3,639 shares of the exchange traded fund’s stock worth $458,000 after purchasing an additional 164 shares during the period. Finally, Beacon Pointe Advisors LLC raised its holdings in shares of iShares Expanded Tech Sector ETF by 1.5% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 11,375 shares of the exchange traded fund’s stock worth $1,278,000 after purchasing an additional 169 shares during the period.

iShares Expanded Tech Sector ETF Trading Up 0.2%

Shares of NYSEARCA IGM opened at $131.20 on Friday. The stock has a fifty day simple moving average of $129.96 and a two-hundred day simple moving average of $121.79. iShares Expanded Tech Sector ETF has a 1-year low of $76.26 and a 1-year high of $135.81. The firm has a market cap of $9.84 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27.

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). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.