Sunbelt Securities Inc. Sells 4,034 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Sunbelt Securities Inc. reduced its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 66.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,082 shares of the exchange traded fund’s stock after selling 4,034 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $200,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in iShares Expanded Tech Sector ETF by 5.8% during the second quarter. Bank of New York Mellon Corp now owns 45,979 shares of the exchange traded fund’s stock valued at $4,336,000 after acquiring an additional 2,525 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of iShares Expanded Tech Sector ETF by 23.9% in the second quarter. Fifth Third Bancorp now owns 6,187 shares of the exchange traded fund’s stock worth $583,000 after acquiring an additional 1,195 shares during the period. Rosenberg Matthew Hamilton purchased a new stake in iShares Expanded Tech Sector ETF during the 2nd quarter valued at approximately $163,000. Wealth Enhancement Advisory Services LLC grew its stake in iShares Expanded Tech Sector ETF by 20.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 22,717 shares of the exchange traded fund’s stock valued at $2,142,000 after acquiring an additional 3,810 shares in the last quarter. Finally, Adero Partners LLC bought a new stake in shares of iShares Expanded Tech Sector ETF in the second quarter worth about $226,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM opened at $105.42 on Friday. The stock has a market capitalization of $5.31 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The business’s 50 day simple moving average is $100.13 and its 200-day simple moving average is $95.16. iShares Expanded Tech Sector ETF has a 1 year low of $71.49 and a 1 year high of $106.29.

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).