BXM Wealth LLC Purchases New Shares in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

BXM Wealth LLC purchased a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 18,582 shares of the exchange traded fund’s stock, valued at approximately $1,897,000. iShares Expanded Tech Sector ETF comprises 2.7% of BXM Wealth LLC’s investment portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in iShares Expanded Tech Sector ETF by 229.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 13,310 shares of the exchange traded fund’s stock valued at $1,359,000 after acquiring an additional 9,273 shares during the period. Leavell Investment Management Inc. purchased a new position in iShares Expanded Tech Sector ETF in the 4th quarter valued at $263,000. Capital Wealth Alliance LLC lifted its holdings in iShares Expanded Tech Sector ETF by 16.7% in the 4th quarter. Capital Wealth Alliance LLC now owns 11,046 shares of the exchange traded fund’s stock valued at $1,128,000 after purchasing an additional 1,582 shares in the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in iShares Expanded Tech Sector ETF in the 4th quarter valued at $854,000. Finally, Legacy Financial Strategies LLC lifted its holdings in iShares Expanded Tech Sector ETF by 3.0% in the 4th quarter. Legacy Financial Strategies LLC now owns 253,112 shares of the exchange traded fund’s stock valued at $25,883,000 after purchasing an additional 7,490 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

Shares of IGM stock opened at $108.11 on Friday. iShares Expanded Tech Sector ETF has a fifty-two week low of $79.47 and a fifty-two week high of $108.28. The stock’s fifty day moving average is $104.50 and its two-hundred day moving average is $98.50. The firm has a market capitalization of $5.45 billion, a P/E 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).