iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw strong trading volume on Wednesday . 857,744 shares were traded during trading, an increase of 15% from the previous session’s volume of 742,848 shares.The stock last traded at $152.71 and had previously closed at $153.10.

iShares Expanded Tech Sector ETF Price Performance

The company has a market cap of $10.46 billion, a P/E ratio of 34.08 and a beta of 1.36. The company’s 50-day moving average is $131.85 and its two-hundred day moving average is $129.98.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tucker Asset Management LLC bought a new stake in iShares Expanded Tech Sector ETF in the 4th quarter worth approximately $28,000. FAS Wealth Partners Inc. bought a new stake in shares of iShares Expanded Tech Sector ETF during the 2nd quarter valued at $28,000. Atlantic Union Bankshares Corp grew its position in shares of iShares Expanded Tech Sector ETF by 153.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 144 shares during the period. Cary Street Partners Financial LLC bought a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in iShares Expanded Tech Sector ETF in the 3rd quarter worth $38,000.

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.