Envestnet Asset Management Inc. Lowers Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Envestnet Asset Management Inc. trimmed its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 36.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 270,674 shares of the exchange traded fund’s stock after selling 153,856 shares during the quarter. Envestnet Asset Management Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $27,633,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thoroughbred Financial Services LLC purchased a new stake in iShares Expanded Tech Sector ETF during the 4th quarter valued at $200,000. Guidance Point Advisors LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 43.3% during the fourth quarter. Guidance Point Advisors LLC now owns 3,826 shares of the exchange traded fund’s stock valued at $391,000 after buying an additional 1,156 shares during the last quarter. Milestone Investment Advisors LLC increased its holdings in iShares Expanded Tech Sector ETF by 8.9% in the 4th quarter. Milestone Investment Advisors LLC now owns 36,402 shares of the exchange traded fund’s stock worth $3,716,000 after buying an additional 2,974 shares in the last quarter. Kesler Norman & Wride LLC raised its position in iShares Expanded Tech Sector ETF by 27.2% in the 4th quarter. Kesler Norman & Wride LLC now owns 7,959 shares of the exchange traded fund’s stock worth $813,000 after buying an additional 1,700 shares during the last quarter. Finally, RFG Bristol Wealth Advisors LLC bought a new position in iShares Expanded Tech Sector ETF during the 4th quarter valued at about $15,429,000.

iShares Expanded Tech Sector ETF Stock Up 1.6 %

Shares of NYSEARCA IGM opened at $87.30 on Friday. The firm’s 50-day moving average price is $96.48 and its 200-day moving average price is $99.64. iShares Expanded Tech Sector ETF has a 52-week low of $76.26 and a 52-week high of $108.73. The company has a market cap of $5.03 billion, a PE ratio of 26.51 and a beta of 1.26.

iShares Expanded Tech Sector ETF 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).