William John Sempolinski Acquires New Shares in iShares Expanded Tech Sector ETF $IGM

William John Sempolinski acquired a new position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,468 shares of the exchange traded fund’s stock, valued at approximately $3,021,000. iShares Expanded Tech Sector ETF accounts for 1.2% of William John Sempolinski’s portfolio, making the stock its 18th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. NWF Advisory Services Inc. purchased a new stake in iShares Expanded Tech Sector ETF in the second quarter valued at $235,000. Concurrent Investment Advisors LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 18.6% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 59,498 shares of the exchange traded fund’s stock worth $9,733,000 after purchasing an additional 9,335 shares during the period. MBA Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 2nd quarter worth about $246,000. Capital Square LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 2nd quarter worth about $462,000. Finally, Trust Co. of Vermont acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 2nd quarter worth about $34,000.

iShares Expanded Tech Sector ETF Trading Up 0.5%

Shares of IGM opened at $161.74 on Friday. The company’s 50-day moving average price is $158.69 and its 200 day moving average price is $146.74. 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 cap of $10.62 billion, a P/E ratio of 34.08 and a beta of 1.40.

About iShares Expanded Tech Sector ETF

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.