iShares Expanded Tech Sector ETF $IGM Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC decreased its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 49.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,694 shares of the exchange traded fund’s stock after selling 33,318 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.05% of iShares Expanded Tech Sector ETF worth $4,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its position in iShares Expanded Tech Sector ETF by 843.3% during the third quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock valued at $423,661,000 after acquiring an additional 3,007,140 shares in the last quarter. Bank of America Corp DE boosted its position in iShares Expanded Tech Sector ETF by 101.6% in the 3rd quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock worth $665,119,000 after purchasing an additional 2,660,957 shares in the last quarter. Raymond James Financial Inc. boosted its position in iShares Expanded Tech Sector ETF by 393.9% in the 3rd quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock worth $362,632,000 after purchasing an additional 2,296,259 shares in the last quarter. Truist Financial Corp grew its stake in shares of iShares Expanded Tech Sector ETF by 1,165.7% during the 3rd quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock worth $253,920,000 after purchasing an additional 1,856,762 shares during the period. Finally, WestEnd Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth approximately $224,760,000.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $115.25 on Friday. The company has a 50 day moving average price of $125.19 and a 200-day moving average price of $127.57. 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 $7.94 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27.

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). 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.