iShares Expanded Tech Sector ETF $IGM Stake Boosted by Assetmark Inc.

Assetmark Inc. boosted its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 16.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,203 shares of the exchange traded fund’s stock after buying an additional 17,786 shares during the period. Assetmark Inc. owned about 0.18% of iShares Expanded Tech Sector ETF worth $14,601,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. AK Global Asset Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $2,097,000. Legacy Edge Advisors LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $1,540,000. Dynamic Wealth Strategies LLC boosted its stake in iShares Expanded Tech Sector ETF by 4.5% in the 4th quarter. Dynamic Wealth Strategies LLC now owns 99,109 shares of the exchange traded fund’s stock worth $12,801,000 after purchasing an additional 4,277 shares during the period. Osprey Private Wealth LLC acquired a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth approximately $530,000. Finally, Financial Planning Hawaii Inc. purchased a new position in iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $777,000.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA IGM opened at $153.30 on Monday. The firm’s 50 day moving average price is $159.29 and its two-hundred day moving average price is $139.55. iShares Expanded Tech Sector ETF has a twelve month low of $112.60 and a twelve month high of $171.48. The stock has a market cap of $10.03 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39.

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.