Envestnet Portfolio Solutions Inc. Raises Stake in iShares Expanded Tech Sector ETF $IGM

Envestnet Portfolio Solutions Inc. boosted its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 10.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,502 shares of the exchange traded fund’s stock after purchasing an additional 338 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $393,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blair William & Co. IL boosted its stake in iShares Expanded Tech Sector ETF by 117.7% in the second quarter. Blair William & Co. IL now owns 5,387 shares of the exchange traded fund’s stock worth $605,000 after buying an additional 2,913 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in iShares Expanded Tech Sector ETF in the second quarter valued at approximately $119,000. Capital Advisors Ltd. LLC bought a new stake in iShares Expanded Tech Sector ETF in the second quarter valued at approximately $37,000. Magnus Financial Group LLC bought a new stake in iShares Expanded Tech Sector ETF in the second quarter valued at approximately $239,000. Finally, Perigon Wealth Management LLC lifted its position in iShares Expanded Tech Sector ETF by 11.5% in the second quarter. Perigon Wealth Management LLC now owns 21,161 shares of the exchange traded fund’s stock valued at $2,377,000 after purchasing an additional 2,177 shares during the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

Shares of IGM stock opened at $127.57 on Thursday. iShares Expanded Tech Sector ETF has a fifty-two week low of $76.26 and a fifty-two week high of $129.92. The stock has a 50 day moving average price of $123.04 and a two-hundred day moving average price of $110.51. The company has a market capitalization of $9.44 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).