Kane Investment Management Inc. Purchases 3,725 Shares of iShares Expanded Tech Sector ETF $IGM

Kane Investment Management Inc. boosted its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 136.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,455 shares of the exchange traded fund’s stock after buying an additional 3,725 shares during the period. Kane Investment Management Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $834,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. United Community Bank lifted its holdings in shares of iShares Expanded Tech Sector ETF by 10.7% in the fourth quarter. United Community Bank now owns 797 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 77 shares during the last quarter. Y.D. More Investments Ltd lifted its holdings in shares of iShares Expanded Tech Sector ETF by 17.6% in the fourth quarter. Y.D. More Investments Ltd now owns 529 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 79 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of iShares Expanded Tech Sector ETF by 8.3% in the third quarter. CIBC Private Wealth Group LLC now owns 1,157 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 89 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of iShares Expanded Tech Sector ETF by 1.6% in the third quarter. Fifth Third Bancorp now owns 6,161 shares of the exchange traded fund’s stock worth $776,000 after acquiring an additional 100 shares during the last quarter. Finally, Stratos Wealth Partners LTD. lifted its holdings in shares of iShares Expanded Tech Sector ETF by 1.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 8,624 shares of the exchange traded fund’s stock worth $1,114,000 after acquiring an additional 105 shares during the last quarter.

iShares Expanded Tech Sector ETF Trading Up 0.7%

IGM stock opened at $159.36 on Friday. The stock has a market capitalization of $10.64 billion, a P/E ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 12 month low of $105.36 and a 12 month high of $171.48. The firm has a 50-day moving average price of $147.74 and a 200-day moving average price of $134.36.

iShares Expanded Tech Sector ETF 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.