HighTower Advisors LLC Cuts Stock Holdings in iShares Expanded Tech Sector ETF $IGM

HighTower Advisors LLC trimmed its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 39.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,251 shares of the exchange traded fund’s stock after selling 27,225 shares during the period. HighTower Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $5,457,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IGM. AQR Capital Management LLC purchased a new stake in iShares Expanded Tech Sector ETF during the first quarter valued at about $274,000. Goldman Sachs Group Inc. boosted its position in iShares Expanded Tech Sector ETF by 6.1% during the first quarter. Goldman Sachs Group Inc. now owns 179,105 shares of the exchange traded fund’s stock valued at $16,239,000 after buying an additional 10,218 shares during the period. First Trust Advisors LP boosted its position in iShares Expanded Tech Sector ETF by 13.1% during the second quarter. First Trust Advisors LP now owns 58,839 shares of the exchange traded fund’s stock valued at $6,610,000 after buying an additional 6,811 shares during the period. Marshall Wace LLP purchased a new stake in iShares Expanded Tech Sector ETF during the second quarter valued at about $3,083,000. Finally, Qube Research & Technologies Ltd boosted its position in iShares Expanded Tech Sector ETF by 3.7% during the second quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock valued at $367,000 after buying an additional 118 shares during the period.

iShares Expanded Tech Sector ETF Trading Down 0.4%

iShares Expanded Tech Sector ETF stock opened at $160.49 on Thursday. The firm has a 50-day moving average of $137.60 and a 200-day moving average of $131.44. The firm has a market cap of $10.71 billion, a P/E ratio of 34.08 and a beta of 1.36. iShares Expanded Tech Sector ETF has a 1-year low of $100.88 and a 1-year high of $161.59.

iShares Expanded Tech Sector ETF Company 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.