iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Unusually-High Trading Volume – Should You Buy?

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw an uptick in trading volume on Monday . 582,650 shares traded hands during trading, an increase of 85% from the previous session’s volume of 314,740 shares.The stock last traded at $89.46 and had previously closed at $90.81.

iShares Expanded Tech Sector ETF Price Performance

The business has a 50-day simple moving average of $100.47 and a two-hundred day simple moving average of $100.32. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 31.39 and a beta of 1.20.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its position in shares of iShares Expanded Tech Sector ETF by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock valued at $70,551,000 after purchasing an additional 88,089 shares during the last quarter. Jane Street Group LLC boosted its stake in iShares Expanded Tech Sector ETF by 86.1% in the 3rd quarter. Jane Street Group LLC now owns 9,600 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 4,442 shares during the period. AdvisorNet Financial Inc grew its holdings in iShares Expanded Tech Sector ETF by 796.7% in the 4th quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 478 shares in the last quarter. Park Avenue Securities LLC increased its position in iShares Expanded Tech Sector ETF by 68.3% during the 4th quarter. Park Avenue Securities LLC now owns 6,800 shares of the exchange traded fund’s stock worth $694,000 after buying an additional 2,760 shares during the period. Finally, FMR LLC lifted its holdings in shares of iShares Expanded Tech Sector ETF by 8.8% during the third quarter. FMR LLC now owns 31,272 shares of the exchange traded fund’s stock worth $3,000,000 after buying an additional 2,519 shares in the last quarter.

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).