Fifth Third Bancorp Boosts Stock Position in iShares Expanded Tech Sector ETF $IGM

Fifth Third Bancorp lifted its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 409.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,262 shares of the exchange traded fund’s stock after acquiring an additional 21,914 shares during the period. Fifth Third Bancorp’s holdings in iShares Expanded Tech Sector ETF were worth $3,231,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Tucker Asset Management LLC purchased a new stake in iShares Expanded Tech Sector ETF during the 4th quarter worth about $28,000. FAS Wealth Partners Inc. bought a new position in iShares Expanded Tech Sector ETF in the 2nd quarter worth about $28,000. Atlantic Union Bankshares Corp grew its holdings in iShares Expanded Tech Sector ETF by 153.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 144 shares in the last quarter. Cary Street Partners Financial LLC purchased a new position in iShares Expanded Tech Sector ETF during the 4th quarter valued at about $37,000. Finally, Clearstead Trust LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at about $39,000.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $153.30 on Monday. The firm has a 50 day moving average of $159.29 and a 200-day moving average of $139.55. iShares Expanded Tech Sector ETF has a 12 month low of $112.60 and a 12 month high of $171.48. The firm has a market capitalization of $10.03 billion, a P/E 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.