Beacon Pointe Advisors LLC Invests $1.13 Million in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Beacon Pointe Advisors LLC bought a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,042 shares of the exchange traded fund’s stock, valued at approximately $1,127,000.

Several other large investors have also added to or reduced their stakes in IGM. B. Riley Wealth Advisors Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 2.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 30,039 shares of the exchange traded fund’s stock valued at $2,866,000 after purchasing an additional 857 shares during the period. JPMorgan Chase & Co. raised its stake in iShares Expanded Tech Sector ETF by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock worth $70,551,000 after buying an additional 88,089 shares during the period. Ridgeline Wealth LLC bought a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth approximately $608,000. Westwind Capital acquired a new stake in iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $1,100,000. Finally, International Assets Investment Management LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $331,000.

iShares Expanded Tech Sector ETF Stock Up 2.1 %

Shares of IGM opened at $96.13 on Friday. The business’s fifty day moving average is $91.37 and its 200 day moving average is $98.86. iShares Expanded Tech Sector ETF has a 12-month low of $76.26 and a 12-month high of $108.73. The stock has a market cap of $5.60 billion, a P/E ratio of 30.66 and a beta of 1.26.

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).