Janney Montgomery Scott LLC Sells 37,725 Shares of iShares Expanded Tech Sector ETF $IGM

Janney Montgomery Scott LLC lowered its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 3.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 998,105 shares of the exchange traded fund’s stock after selling 37,725 shares during the quarter. Janney Montgomery Scott LLC owned 1.50% of iShares Expanded Tech Sector ETF worth $118,285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of iShares Expanded Tech Sector ETF by 101.6% during the third quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock worth $665,119,000 after purchasing an additional 2,660,957 shares during the period. Raymond James Financial Inc. increased its holdings in iShares Expanded Tech Sector ETF by 393.9% during the 3rd quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after purchasing an additional 2,296,259 shares during the period. JPMorgan Chase & Co. increased its holdings in iShares Expanded Tech Sector ETF by 173.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,548,418 shares of the exchange traded fund’s stock valued at $329,154,000 after purchasing an additional 1,617,877 shares during the period. Victory Capital Management Inc. bought a new position in iShares Expanded Tech Sector ETF during the 3rd quarter valued at approximately $78,380,000. Finally, Bank of Montreal Can raised its position in iShares Expanded Tech Sector ETF by 35.6% during the 3rd quarter. Bank of Montreal Can now owns 2,073,372 shares of the exchange traded fund’s stock valued at $261,141,000 after purchasing an additional 544,007 shares during the last quarter.

iShares Expanded Tech Sector ETF Trading Down 1.6%

NYSEARCA:IGM opened at $155.89 on Friday. The company has a 50-day moving average price of $154.58 and a 200-day moving average price of $136.51. The stock has a market cap of $10.41 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 12 month low of $110.25 and a 12 month high of $171.48.

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.