Meridian Investment Counsel Inc. Has $3.80 Million Stock Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Meridian Investment Counsel Inc. lowered its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 37,230 shares of the exchange traded fund’s stock after selling 1,950 shares during the period. iShares Expanded Tech Sector ETF makes up 1.1% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 22nd biggest position. Meridian Investment Counsel Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $3,801,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IGM. JPMorgan Chase & Co. lifted its position in shares of iShares Expanded Tech Sector ETF by 13.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock worth $70,551,000 after purchasing an additional 88,089 shares during the period. Jane Street Group LLC lifted its stake in shares of iShares Expanded Tech Sector ETF by 86.1% in the 3rd quarter. Jane Street Group LLC now owns 9,600 shares of the exchange traded fund’s stock valued at $921,000 after purchasing an additional 4,442 shares during the period. AdvisorNet Financial Inc grew its stake in iShares Expanded Tech Sector ETF by 796.7% during the fourth quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 478 shares during the period. Park Avenue Securities LLC increased its holdings in iShares Expanded Tech Sector ETF by 68.3% in the fourth quarter. Park Avenue Securities LLC now owns 6,800 shares of the exchange traded fund’s stock worth $694,000 after purchasing an additional 2,760 shares in the last quarter. Finally, FMR LLC lifted its stake in iShares Expanded Tech Sector ETF by 8.8% in the third quarter. FMR LLC now owns 31,272 shares of the exchange traded fund’s stock valued at $3,000,000 after buying an additional 2,519 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

iShares Expanded Tech Sector ETF stock opened at $90.81 on Monday. The stock’s 50 day moving average price is $101.01 and its two-hundred day moving average price is $100.34. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 31.39 and a beta of 1.20. iShares Expanded Tech Sector ETF has a 52-week low of $79.68 and a 52-week high of $108.73.

iShares Expanded Tech Sector ETF Company 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).