Raymond James Financial Inc. Invests $64.52 Million in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Raymond James Financial Inc. acquired a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 631,982 shares of the exchange traded fund’s stock, valued at approximately $64,519,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC lifted its position in iShares Expanded Tech Sector ETF by 4.0% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,855,115 shares of the exchange traded fund’s stock valued at $177,980,000 after purchasing an additional 71,852 shares during the period. Bank of Montreal Can lifted its position in iShares Expanded Tech Sector ETF by 64.7% in the third quarter. Bank of Montreal Can now owns 1,199,146 shares of the exchange traded fund’s stock valued at $114,662,000 after purchasing an additional 471,204 shares during the period. JPMorgan Chase & Co. lifted its position in iShares Expanded Tech Sector ETF by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock valued at $70,551,000 after purchasing an additional 88,089 shares during the period. Gray Foundation lifted its position in iShares Expanded Tech Sector ETF by 7.1% in the fourth quarter. Gray Foundation now owns 559,116 shares of the exchange traded fund’s stock valued at $57,080,000 after purchasing an additional 37,032 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in iShares Expanded Tech Sector ETF in the third quarter valued at about $40,436,000.

iShares Expanded Tech Sector ETF Stock Down 4.5 %

Shares of NYSEARCA:IGM opened at $92.15 on Tuesday. The company has a market cap of $5.28 billion, a P/E ratio of 32.57 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. The company has a 50-day moving average price of $103.44 and a 200 day moving average price of $100.04.

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).