WestEnd Advisors LLC Acquires New Holdings in iShares Expanded Tech Sector ETF $IGM

WestEnd Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 708,110 shares of the exchange traded fund’s stock, valued at approximately $119,706,000. iShares Expanded Tech Sector ETF makes up 2.6% of WestEnd Advisors LLC’s holdings, making the stock its 12th largest position. WestEnd Advisors LLC owned 1.04% of iShares Expanded Tech Sector ETF at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Retirement Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter valued at $273,000. Balance Wealth Partners LLC bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth $197,000. Oakworth Capital Inc. bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth $35,000. Ashton Thomas Securities LLC bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth $1,010,000. Finally, Oppenheimer & Co. Inc. bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth $555,000.

iShares Expanded Tech Sector ETF Stock Up 1.6%

Shares of IGM opened at $161.86 on Wednesday. iShares Expanded Tech Sector ETF has a 12-month low of $112.60 and a 12-month high of $175.16. The business has a 50-day simple moving average of $163.93 and a two-hundred day simple moving average of $147.83. The stock has a market cap of $10.98 billion, a PE ratio of 34.08 and a beta of 1.39.

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.