Sowell Financial Services LLC Reduces Stock Position in iShares Expanded Tech Sector ETF $IGM

Sowell Financial Services LLC reduced its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,645 shares of the exchange traded fund’s stock after selling 275 shares during the quarter. Sowell Financial Services LLC’s holdings in iShares Expanded Tech Sector ETF were worth $3,106,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Waverly Advisors LLC lifted its stake in iShares Expanded Tech Sector ETF by 3.6% in the 4th quarter. Waverly Advisors LLC now owns 3,504 shares of the exchange traded fund’s stock worth $358,000 after purchasing an additional 123 shares in the last quarter. Sunbelt Securities Inc. raised its position in shares of iShares Expanded Tech Sector ETF by 142.8% during the 4th quarter. Sunbelt Securities Inc. now owns 5,056 shares of the exchange traded fund’s stock valued at $521,000 after buying an additional 2,974 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $69,000. Ameriflex Group Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $126,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of iShares Expanded Tech Sector ETF by 15.7% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 34,742 shares of the exchange traded fund’s stock valued at $3,547,000 after purchasing an additional 4,703 shares during the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $126.54 on Monday. iShares Expanded Tech Sector ETF has a 52 week low of $76.26 and a 52 week high of $126.64. The firm’s fifty day moving average is $117.65 and its 200 day moving average is $105.21. The firm has a market cap of $7.70 billion, a P/E ratio of 34.08 and a beta of 1.18.

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).