The Manufacturers Life Insurance Company Makes New Investment in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

The Manufacturers Life Insurance Company bought a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 29,800 shares of the exchange traded fund’s stock, valued at approximately $2,810,000. The Manufacturers Life Insurance Company owned approximately 0.06% of iShares Expanded Tech Sector ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Icon Wealth Advisors LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth approximately $1,097,000. LM Advisors LLC bought a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth $224,000. Midland Wealth Advisors LLC bought a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth $1,840,000. Garde Capital Inc. purchased a new position in iShares Expanded Tech Sector ETF during the fourth quarter valued at $105,000. Finally, WNY Asset Management LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $224,000.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $97.09 on Wednesday. iShares Expanded Tech Sector ETF has a 1-year low of $60.65 and a 1-year high of $98.70. The company has a market capitalization of $4.89 billion, a PE ratio of 7.11 and a beta of 1.53. The firm’s 50-day moving average price is $91.75 and its 200-day moving average price is $90.14.

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).