Destination Wealth Management Sells 5,753 Shares of iShares Expanded Tech Sector ETF $IGM

Destination Wealth Management lowered its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 625,219 shares of the exchange traded fund’s stock after selling 5,753 shares during the quarter. iShares Expanded Tech Sector ETF accounts for 2.1% of Destination Wealth Management’s holdings, making the stock its 10th biggest position. Destination Wealth Management owned approximately 0.91% of iShares Expanded Tech Sector ETF worth $80,753,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arax Advisory Partners acquired a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at $151,000. Aptus Capital Advisors LLC grew its position in iShares Expanded Tech Sector ETF by 116.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 311 shares of the exchange traded fund’s stock valued at $40,000 after buying an additional 167 shares during the period. GM Advisory Group LLC grew its position in iShares Expanded Tech Sector ETF by 0.5% during the fourth quarter. GM Advisory Group LLC now owns 100,344 shares of the exchange traded fund’s stock valued at $12,960,000 after buying an additional 455 shares during the period. Arkadios Wealth Advisors grew its position in iShares Expanded Tech Sector ETF by 12.5% during the fourth quarter. Arkadios Wealth Advisors now owns 7,848 shares of the exchange traded fund’s stock valued at $1,014,000 after buying an additional 870 shares during the period. Finally, First Trust Advisors LP grew its position in iShares Expanded Tech Sector ETF by 0.9% during the fourth quarter. First Trust Advisors LP now owns 52,563 shares of the exchange traded fund’s stock valued at $6,789,000 after buying an additional 492 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $159.36 on Friday. The firm has a market cap of $10.64 billion, a PE ratio of 34.08 and a beta of 1.39. The firm’s fifty day moving average is $147.74 and its 200 day moving average is $134.36. iShares Expanded Tech Sector ETF has a one year low of $105.36 and a one year high of $171.48.

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.