Webster Bank N. A. Decreases Position in iShares Expanded Tech Sector ETF $IGM

Webster Bank N. A. trimmed its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 2.8% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 17,373 shares of the exchange traded fund’s stock after selling 500 shares during the quarter. Webster Bank N. A.’s holdings in iShares Expanded Tech Sector ETF were worth $1,952,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 4.1% during the first quarter. Baird Financial Group Inc. now owns 10,340 shares of the exchange traded fund’s stock valued at $938,000 after acquiring an additional 406 shares during the last quarter. Harbour Investments Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 171.1% during the first quarter. Harbour Investments Inc. now owns 5,018 shares of the exchange traded fund’s stock valued at $455,000 after acquiring an additional 3,167 shares during the last quarter. CX Institutional acquired a new position in shares of iShares Expanded Tech Sector ETF during the first quarter valued at approximately $27,000. Spire Wealth Management raised its holdings in shares of iShares Expanded Tech Sector ETF by 16.8% during the first quarter. Spire Wealth Management now owns 3,319 shares of the exchange traded fund’s stock valued at $301,000 after acquiring an additional 478 shares during the last quarter. Finally, Southland Equity Partners LLC raised its holdings in shares of iShares Expanded Tech Sector ETF by 8.4% during the first quarter. Southland Equity Partners LLC now owns 5,751 shares of the exchange traded fund’s stock valued at $521,000 after acquiring an additional 448 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

Shares of iShares Expanded Tech Sector ETF stock opened at $122.38 on Monday. The business has a 50 day simple moving average of $116.46 and a two-hundred day simple moving average of $104.26. iShares Expanded Tech Sector ETF has a 12 month low of $76.26 and a 12 month high of $122.93. The stock has a market capitalization of $7.45 billion, a P/E ratio of 34.08 and a beta of 1.18.

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).