Meridian Investment Counsel Inc. Sells 800 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Meridian Investment Counsel Inc. reduced its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 2.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 39,180 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. iShares Expanded Tech Sector ETF makes up 1.1% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 20th biggest position. Meridian Investment Counsel Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $3,759,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Signature Estate & Investment Advisors LLC increased its position in iShares Expanded Tech Sector ETF by 4.0% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 1,855,115 shares of the exchange traded fund’s stock valued at $177,980,000 after buying an additional 71,852 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 32.6% during the third quarter. OneDigital Investment Advisors LLC now owns 19,875 shares of the exchange traded fund’s stock valued at $1,907,000 after acquiring an additional 4,890 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of iShares Expanded Tech Sector ETF during the third quarter worth approximately $6,304,000. Tyler Stone Wealth Management lifted its holdings in shares of iShares Expanded Tech Sector ETF by 100.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 15,826 shares of the exchange traded fund’s stock worth $1,518,000 after purchasing an additional 7,915 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its position in iShares Expanded Tech Sector ETF by 2,107.3% in the 3rd quarter. Baker Avenue Asset Management LP now owns 58,273 shares of the exchange traded fund’s stock valued at $5,591,000 after purchasing an additional 55,633 shares during the period.

iShares Expanded Tech Sector ETF Trading Down 2.5 %

IGM opened at $98.57 on Friday. iShares Expanded Tech Sector ETF has a 1-year low of $69.16 and a 1-year high of $102.61. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The company’s fifty day moving average price is $96.52 and its two-hundred day moving average price is $92.87.

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).