iShares Expanded Tech Sector ETF $IGM Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 73.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,715 shares of the exchange traded fund’s stock after selling 12,723 shares during the period. M&T Bank Corp’s holdings in iShares Expanded Tech Sector ETF were worth $597,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IGM. FAS Wealth Partners Inc. acquired a new position in iShares Expanded Tech Sector ETF in the second quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in iShares Expanded Tech Sector ETF in the third quarter valued at approximately $38,000. Avion Wealth boosted its stake in iShares Expanded Tech Sector ETF by 47.6% in the third quarter. Avion Wealth now owns 310 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 100 shares during the period. Root Financial Partners LLC acquired a new position in iShares Expanded Tech Sector ETF in the third quarter valued at approximately $39,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $45,000.

iShares Expanded Tech Sector ETF Stock Up 1.4%

Shares of IGM stock opened at $144.96 on Friday. The business has a 50 day moving average of $127.32 and a two-hundred day moving average of $128.59. iShares Expanded Tech Sector ETF has a 52 week low of $93.79 and a 52 week high of $145.22. The company has a market cap of $9.68 billion, a P/E ratio of 34.08 and a beta of 1.31.

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.