Capital Wealth Alliance LLC Sells 1,858 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Capital Wealth Alliance LLC lowered its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 16.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,464 shares of the exchange traded fund’s stock after selling 1,858 shares during the quarter. Capital Wealth Alliance LLC’s holdings in iShares Expanded Tech Sector ETF were worth $908,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC boosted its holdings in iShares Expanded Tech Sector ETF by 76.7% during the second quarter. Signature Estate & Investment Advisors LLC now owns 1,783,263 shares of the exchange traded fund’s stock valued at $168,180,000 after purchasing an additional 774,192 shares in the last quarter. LPL Financial LLC boosted its stake in iShares Expanded Tech Sector ETF by 17.7% in the 2nd quarter. LPL Financial LLC now owns 868,769 shares of the exchange traded fund’s stock valued at $81,934,000 after buying an additional 130,619 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in iShares Expanded Tech Sector ETF by 57.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 427,716 shares of the exchange traded fund’s stock valued at $40,338,000 after acquiring an additional 156,117 shares during the period. Envestnet Asset Management Inc. raised its stake in iShares Expanded Tech Sector ETF by 17.3% during the second quarter. Envestnet Asset Management Inc. now owns 313,372 shares of the exchange traded fund’s stock worth $29,554,000 after acquiring an additional 46,106 shares in the last quarter. Finally, GM Advisory Group LLC lifted its holdings in shares of iShares Expanded Tech Sector ETF by 2.1% during the second quarter. GM Advisory Group LLC now owns 293,677 shares of the exchange traded fund’s stock valued at $27,697,000 after acquiring an additional 5,958 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM traded up $0.28 during trading hours on Monday, hitting $96.42. The stock had a trading volume of 32,715 shares, compared to its average volume of 286,774. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The company’s fifty day moving average is $94.70 and its two-hundred day moving average is $91.74. iShares Expanded Tech Sector ETF has a 52 week low of $65.35 and a 52 week high of $99.64.

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).