Sowell Financial Services LLC Makes New Investment in iShares Expanded Tech Sector ETF $IGM

Sowell Financial Services LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,933 shares of the exchange traded fund’s stock, valued at approximately $4,553,000.

Several other hedge funds and other institutional investors also recently modified their holdings of IGM. Seven Bridges Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 3rd quarter worth about $25,928,000. Assetmark Inc. boosted its stake in iShares Expanded Tech Sector ETF by 16.9% during the 1st quarter. Assetmark Inc. now owns 123,203 shares of the exchange traded fund’s stock valued at $14,601,000 after purchasing an additional 17,786 shares during the period. Sanctuary Advisors LLC boosted its stake in iShares Expanded Tech Sector ETF by 9.6% during the 1st quarter. Sanctuary Advisors LLC now owns 105,011 shares of the exchange traded fund’s stock valued at $12,445,000 after purchasing an additional 9,169 shares during the period. Decker Wealth Management LLC acquired a new position in iShares Expanded Tech Sector ETF during the 1st quarter valued at about $12,310,000. Finally, Dynamic Wealth Strategies LLC grew its holdings in iShares Expanded Tech Sector ETF by 2.6% in the 1st quarter. Dynamic Wealth Strategies LLC now owns 101,716 shares of the exchange traded fund’s stock worth $12,054,000 after buying an additional 2,607 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA:IGM opened at $162.67 on Thursday. The business has a fifty day moving average of $164.35 and a 200-day moving average of $157.03. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 1 year low of $112.60 and a 1 year high of $175.16.

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.