iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Reaches New 12-Month High – Here’s What Happened

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $108.73 and last traded at $108.46, with a volume of 408969 shares changing hands. The stock had previously closed at $108.11.

iShares Expanded Tech Sector ETF Stock Performance

The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The firm has a 50-day simple moving average of $104.82 and a two-hundred day simple moving average of $99.14.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

Several large investors have recently added to or reduced their stakes in the business. Strait & Sound Wealth Management LLC raised its position in iShares Expanded Tech Sector ETF by 7.4% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 3,051 shares of the exchange traded fund’s stock worth $311,000 after acquiring an additional 211 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of iShares Expanded Tech Sector ETF by 142.8% in the 4th quarter. Sunbelt Securities Inc. now owns 5,056 shares of the exchange traded fund’s stock valued at $521,000 after purchasing an additional 2,974 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new position in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at about $202,000. Waverly Advisors LLC lifted its stake in shares of iShares Expanded Tech Sector ETF by 3.6% in the fourth quarter. Waverly Advisors LLC now owns 3,504 shares of the exchange traded fund’s stock valued at $358,000 after purchasing an additional 123 shares during the period. Finally, Willis Johnson & Associates Inc. boosted its holdings in iShares Expanded Tech Sector ETF by 1.9% during the fourth quarter. Willis Johnson & Associates Inc. now owns 8,198 shares of the exchange traded fund’s stock worth $837,000 after buying an additional 153 shares in the last quarter.

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).