Stephens Inc. AR Increases Position in iShares Expanded Tech Sector ETF $IGM

Stephens Inc. AR grew its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 27.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,497 shares of the exchange traded fund’s stock after buying an additional 6,325 shares during the quarter. Stephens Inc. AR’s holdings in iShares Expanded Tech Sector ETF were worth $3,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $814,000. WESPAC Advisors LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF during the third quarter valued at $1,374,000. Concurrent Investment Advisors LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 684.0% in the third quarter. Concurrent Investment Advisors LLC now owns 38,879 shares of the exchange traded fund’s stock worth $4,897,000 after purchasing an additional 33,920 shares during the last quarter. Bogart Wealth LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 16.8% in the third quarter. Bogart Wealth LLC now owns 2,444 shares of the exchange traded fund’s stock worth $308,000 after purchasing an additional 351 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in iShares Expanded Tech Sector ETF by 915.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,914,312 shares of the exchange traded fund’s stock worth $241,108,000 after buying an additional 1,725,741 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM opened at $130.46 on Friday. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27. iShares Expanded Tech Sector ETF has a 1-year low of $76.26 and a 1-year high of $135.81. The company has a 50-day moving average of $129.69 and a 200 day moving average of $124.14.

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). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.