White Lighthouse Investment Management Inc. Buys Shares of 29,276 iShares S&P NA Tech. Sec. Idx. Fd. (IGM)

White Lighthouse Investment Management Inc. bought a new stake in shares of iShares S&P NA Tech. Sec. Idx. Fd. (NYSEARCA:IGM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 29,276 shares of the exchange traded fund’s stock, valued at approximately $4,942,000. iShares S&P NA Tech. Sec. Idx. Fd. accounts for approximately 2.8% of White Lighthouse Investment Management Inc.’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also added to or reduced their stakes in IGM. Patten Group Inc. lifted its position in iShares S&P NA Tech. Sec. Idx. Fd. by 1,322.3% during the 3rd quarter. Patten Group Inc. now owns 46,211 shares of the exchange traded fund’s stock valued at $505,000 after purchasing an additional 42,962 shares during the period. Goldman Sachs Group Inc. raised its position in shares of iShares S&P NA Tech. Sec. Idx. Fd. by 20.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 101,036 shares of the exchange traded fund’s stock valued at $14,614,000 after acquiring an additional 17,447 shares during the period. Barometer Capital Management Inc. acquired a new stake in shares of iShares S&P NA Tech. Sec. Idx. Fd. in the 3rd quarter valued at approximately $2,252,000. Citadel Advisors LLC acquired a new stake in shares of iShares S&P NA Tech. Sec. Idx. Fd. in the 3rd quarter valued at approximately $1,727,000. Finally, Cetera Investment Advisers acquired a new stake in shares of iShares S&P NA Tech. Sec. Idx. Fd. in the 2nd quarter valued at approximately $1,323,000.

Shares of iShares S&P NA Tech. Sec. Idx. Fd. (IGM) traded down $0.89 during trading hours on Wednesday, hitting $175.77. 22,100 shares of the company were exchanged, compared to its average volume of 54,400. The firm has a market cap of $1,270.00 and a P/E ratio of 15.06. iShares S&P NA Tech. Sec. Idx. Fd. has a 1-year low of $126.51 and a 1-year high of $177.50.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Wednesday, December 20th were given a $0.2267 dividend. The ex-dividend date was Tuesday, December 19th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.52%. iShares S&P NA Tech. Sec. Idx. Fd.’s dividend payout ratio is 8.23%.

IGM has been the topic of a number of analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $47.00 price target on shares of iShares S&P NA Tech. Sec. Idx. Fd. in a research report on Sunday, September 17th. Scotiabank reiterated a “hold” rating and issued a $49.00 price target on shares of iShares S&P NA Tech. Sec. Idx. Fd. in a research report on Monday, November 6th.

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iShares S&P NA Tech. Sec. Idx. Fd. 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).

Want to see what other hedge funds are holding IGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P NA Tech. Sec. Idx. Fd. (NYSEARCA:IGM).

Institutional Ownership by Quarter for iShares S&P NA Tech. Sec. Idx. Fd. (NYSEARCA:IGM)

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