Schmidt P J Investment Management Inc. Makes New Investment in iShares Expanded Tech Sector ETF $IGM

Schmidt P J Investment Management Inc. purchased a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,525 shares of the exchange traded fund’s stock, valued at approximately $934,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IGM. WestEnd Advisors LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the 3rd quarter valued at about $119,706,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in iShares Expanded Tech Sector ETF during the third quarter worth $60,391,000. Seven Bridges Advisors LLC purchased a new stake in iShares Expanded Tech Sector ETF during the third quarter worth $25,928,000. White Lighthouse Investment Management Inc. grew its position in iShares Expanded Tech Sector ETF by 2.9% during the third quarter. White Lighthouse Investment Management Inc. now owns 132,563 shares of the exchange traded fund’s stock valued at $22,408,000 after buying an additional 3,739 shares during the period. Finally, Assetmark Inc. grew its position in iShares Expanded Tech Sector ETF by 16.9% during the first quarter. Assetmark Inc. now owns 123,203 shares of the exchange traded fund’s stock valued at $14,601,000 after buying an additional 17,786 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

IGM opened at $150.80 on Thursday. iShares Expanded Tech Sector ETF has a fifty-two week low of $112.60 and a fifty-two week high of $175.16. The company has a fifty day moving average of $163.42 and a two-hundred day moving average of $148.53. The stock has a market capitalization of $10.32 billion, a price-to-earnings ratio of 34.08 and a beta of 1.42.

iShares Expanded Tech Sector ETF Company 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.