iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sets New 52-Week High – Here’s Why

Posted by Scott Moore on Feb 15th, 2025

iShares Expanded Tech Sector ETF (NYSEARCA:IGM – Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $107.88 and last traded at $107.80, with a volume of 185416 shares traded. The stock had previously closed at $106.34.

iShares Expanded Tech Sector ETF Stock Performance

The company has a 50-day simple moving average of $104.50 and a 200 day simple moving average of $98.50. The company has a market capitalization of $5.45 billion, a P/E ratio of 7.11 and a beta of 1.53.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its holdings in shares of iShares Expanded Tech Sector ETF by 22.4% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 25,439 shares of the exchange traded fund’s stock worth $2,597,000 after purchasing an additional 4,663 shares in the last quarter. Navigoe LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $55,000. The Manufacturers Life Insurance Company grew its holdings in shares of iShares Expanded Tech Sector ETF by 154.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 55,921 shares of the exchange traded fund’s stock worth $5,709,000 after purchasing an additional 33,921 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $1,127,000. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 4.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,784 shares of the exchange traded fund’s stock worth $590,000 after purchasing an additional 253 shares in the last quarter.

iShares Expanded Tech Sector ETF Company Profile

(Get Free Report)

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).