Advisory Alpha LLC Purchases New Position in iShares Expanded Tech Sector ETF $IGM

Advisory Alpha LLC acquired a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,809 shares of the exchange traded fund’s stock, valued at approximately $614,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 843.3% in 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 buying an additional 3,007,140 shares during the period. Truist Financial Corp boosted its position 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 buying an additional 1,856,762 shares during the period. WestEnd Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth approximately $224,760,000. Janney Montgomery Scott LLC raised its stake in shares of iShares Expanded Tech Sector ETF by 915.2% during the third quarter. Janney Montgomery Scott LLC now owns 1,914,312 shares of the exchange traded fund’s stock valued at $241,108,000 after acquiring an additional 1,725,741 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new position in shares of iShares Expanded Tech Sector ETF during the third quarter worth $78,380,000.

iShares Expanded Tech Sector ETF Stock Down 1.8%

Shares of iShares Expanded Tech Sector ETF stock opened at $122.91 on Friday. The stock has a market cap of $8.47 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27. iShares Expanded Tech Sector ETF has a twelve month low of $76.26 and a twelve month high of $135.81. The company’s fifty day moving average is $127.64 and its 200 day moving average is $127.05.

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.