HB Wealth Management LLC Decreases Holdings in iShares Expanded Tech Sector ETF $IGM

HB Wealth Management LLC reduced its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 9.1% in the 2nd quarter, Holdings Channel reports. The firm owned 105,421 shares of the exchange traded fund’s stock after selling 10,508 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Expanded Tech Sector ETF were worth $17,245,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC acquired a new position in shares of iShares Expanded Tech Sector ETF during the fourth quarter worth about $28,000. FAS Wealth Partners Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF in the second quarter worth about $28,000. Atlantic Union Bankshares Corp grew its stake in shares of iShares Expanded Tech Sector ETF by 153.2% in the fourth quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 144 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the first quarter valued at about $33,000. Finally, Trust Co. of Vermont purchased a new stake in shares of iShares Expanded Tech Sector ETF during the 2nd quarter valued at about $34,000.

iShares Expanded Tech Sector ETF Stock Performance

Shares of NYSEARCA:IGM opened at $161.74 on Friday. The business’s 50-day simple moving average is $158.69 and its 200 day simple moving average is $146.74. The company has a market cap of $10.62 billion, a P/E ratio of 34.08 and a beta of 1.40. iShares Expanded Tech Sector ETF has a one year low of $112.60 and a one year high of $171.48.

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). 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.