iShares Expanded Tech Sector ETF $IGM Position Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 18.6% during the 2nd quarter, Holdings Channel reports. The fund owned 59,498 shares of the exchange traded fund’s stock after acquiring an additional 9,335 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $9,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in IGM. Bank of America Corp DE boosted its position in iShares Expanded Tech Sector ETF by 101.6% during the 3rd quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock worth $665,119,000 after acquiring an additional 2,660,957 shares during the period. Raymond James Financial Inc. increased its holdings in shares of iShares Expanded Tech Sector ETF by 393.9% during the third quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after purchasing an additional 2,296,259 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares Expanded Tech Sector ETF by 173.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,548,418 shares of the exchange traded fund’s stock valued at $329,154,000 after purchasing an additional 1,617,877 shares during the period. Lido Advisors LLC raised its stake in shares of iShares Expanded Tech Sector ETF by 3,325.3% during the fourth quarter. Lido Advisors LLC now owns 235,458 shares of the exchange traded fund’s stock valued at $30,390,000 after purchasing an additional 228,584 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of iShares Expanded Tech Sector ETF by 66.4% during the fourth quarter. Wellington Management Group LLP now owns 353,541 shares of the exchange traded fund’s stock valued at $45,663,000 after purchasing an additional 141,024 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Up 0.5%

Shares of IGM opened at $161.74 on Friday. The firm has a 50-day moving average price of $158.69 and a 200 day moving average price of $146.74. The firm has a market capitalization of $10.62 billion, a PE ratio of 34.08 and a beta of 1.40. iShares Expanded Tech Sector ETF has a 52-week low of $112.60 and a 52-week 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.