iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Hits New 1-Year High at $89.15

iShares Expanded Tech Sector ETF (NYSEARCA:IGMGet Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $89.15 and last traded at $88.98, with a volume of 6960 shares. The stock had previously closed at $88.81.

iShares Expanded Tech Sector ETF Trading Up 0.4 %

The company has a 50 day moving average price of $85.10 and a 200 day moving average price of $79.37. The company has a market capitalization of $4.49 billion, a P/E ratio of 7.11 and a beta of 1.53.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC increased its stake in shares of iShares Expanded Tech Sector ETF by 445.7% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,009,071 shares of the exchange traded fund’s stock valued at $86,962,000 after purchasing an additional 824,164 shares during the last quarter. Gray Foundation increased its stake in shares of iShares Expanded Tech Sector ETF by 500.0% in the 1st quarter. Gray Foundation now owns 522,084 shares of the exchange traded fund’s stock valued at $44,993,000 after purchasing an additional 435,070 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of iShares Expanded Tech Sector ETF by 572.9% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 325,000 shares of the exchange traded fund’s stock valued at $28,008,000 after purchasing an additional 276,700 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at $110,310,000. Finally, GM Advisory Group LLC increased its stake in shares of iShares Expanded Tech Sector ETF by 537.6% in the 1st quarter. GM Advisory Group LLC now owns 287,719 shares of the exchange traded fund’s stock valued at $24,796,000 after purchasing an additional 242,597 shares during the last quarter.

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).

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