Magnus Financial Group LLC Invests $228,000 in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Magnus Financial Group LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,233 shares of the exchange traded fund’s stock, valued at approximately $228,000.

A number of other hedge funds also recently bought and sold shares of IGM. AdvisorNet Financial Inc increased its position in shares of iShares Expanded Tech Sector ETF by 796.7% during the 4th quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock valued at $55,000 after purchasing an additional 478 shares during the last quarter. Assetmark Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter valued at approximately $63,000. Creative Financial Designs Inc. ADV increased its stake in shares of iShares Expanded Tech Sector ETF by 89.3% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,240 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 585 shares in the last quarter. Centaurus Financial Inc. bought a new stake in iShares Expanded Tech Sector ETF during the third quarter valued at about $145,000. Finally, Middleton & Co. Inc. MA bought a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter valued at approximately $201,000.

iShares Expanded Tech Sector ETF Stock Performance

Shares of NYSEARCA:IGM opened at $107.44 on Friday. The firm has a fifty day moving average price of $103.10 and a 200 day moving average price of $97.30. iShares Expanded Tech Sector ETF has a fifty-two week low of $77.98 and a fifty-two week high of $107.54. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

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).