iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Reaches New 52-Week Low at $85.87

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGMGet Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $85.87 and last traded at $86.34, with a volume of 21941 shares. The stock had previously closed at $85.46.

iShares Expanded Tech Sector ETF Price Performance

The company has a 50 day simple moving average of $79.94 and a 200-day simple moving average of $71.90. The stock has a market cap of $693.60 million, a P/E ratio of 32.18 and a beta of 1.18.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Fortis Group Advisors LLC raised its position in iShares Expanded Tech Sector ETF by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 134 shares of the exchange traded fund’s stock valued at $60,000 after purchasing an additional 67 shares during the last quarter. Creekmur Asset Management LLC bought a new position in iShares Expanded Tech Sector ETF during the 4th quarter valued at approximately $774,000. Goldman Sachs Group Inc. raised its position in iShares Expanded Tech Sector ETF by 3.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 53,038 shares of the exchange traded fund’s stock valued at $23,771,000 after purchasing an additional 1,708 shares during the last quarter. Beacon Financial Group purchased a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $205,000. Finally, WNY Asset Management LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $224,000.

iShares Expanded Tech Sector ETF Company Profile

(Get Free Report)

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).

Further Reading

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