AK Global Asset Management LLC Purchases New Position in iShares Expanded Tech Sector ETF $IGM

AK Global Asset Management LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 16,237 shares of the exchange traded fund’s stock, valued at approximately $2,097,000. iShares Expanded Tech Sector ETF comprises about 1.8% of AK Global Asset Management LLC’s investment portfolio, making the stock its 14th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in IGM. Envestnet Asset Management Inc. grew its holdings in iShares Expanded Tech Sector ETF by 843.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock worth $423,661,000 after acquiring an additional 3,007,140 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares Expanded Tech Sector ETF by 101.6% during 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 acquiring an additional 2,660,957 shares during the last quarter. Raymond James Financial Inc. grew its holdings in iShares Expanded Tech Sector ETF by 393.9% during 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 acquiring an additional 2,296,259 shares during the last quarter. Truist Financial Corp grew its holdings in 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 acquiring an additional 1,856,762 shares during the last quarter. Finally, WestEnd Advisors LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the third quarter worth approximately $224,760,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM stock opened at $122.79 on Wednesday. The stock has a market capitalization of $8.03 billion, a PE ratio of 34.08 and a beta of 1.29. The business’s 50 day simple moving average is $123.81 and its 200 day simple moving average is $127.44. iShares Expanded Tech Sector ETF has a one year low of $78.44 and a one year high of $135.81.

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.