Commonwealth Equity Services LLC Purchases 480,538 Shares of iShares Expanded Tech Sector ETF $IGM

Commonwealth Equity Services LLC purchased a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 480,538 shares of the exchange traded fund’s stock, valued at approximately $81,230,000. Commonwealth Equity Services LLC owned about 0.71% of iShares Expanded Tech Sector ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WestEnd Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth about $119,706,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth approximately $60,391,000. Seven Bridges Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth approximately $25,928,000. Decker Wealth Management LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the first quarter worth approximately $12,310,000. Finally, Meridian Investment Counsel Inc. bought a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter valued at $5,943,000.

iShares Expanded Tech Sector ETF Stock Performance

IGM traded up $2.24 during midday trading on Friday, reaching $141.90. 1,085,567 shares of the company were exchanged, compared to its average volume of 576,072. The stock has a market capitalization of $9.75 billion, a P/E ratio of 34.08 and a beta of 1.42. The stock’s 50-day simple moving average is $162.62 and its 200 day simple moving average is $148.65. iShares Expanded Tech Sector ETF has a one year low of $112.60 and a one 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.