Envestnet Asset Management Inc. Raises Stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Envestnet Asset Management Inc. lifted its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 313,372 shares of the exchange traded fund’s stock after buying an additional 46,106 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.62% of iShares Expanded Tech Sector ETF worth $29,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Signature Estate & Investment Advisors LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 445.7% in the first quarter. Signature Estate & Investment Advisors LLC now owns 1,009,071 shares of the exchange traded fund’s stock worth $86,962,000 after acquiring an additional 824,164 shares during the last quarter. Gray Foundation lifted its position in iShares Expanded Tech Sector ETF by 500.0% during the first quarter. Gray Foundation now owns 522,084 shares of the exchange traded fund’s stock valued at $44,993,000 after buying an additional 435,070 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in iShares Expanded Tech Sector ETF by 572.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 325,000 shares of the exchange traded fund’s stock valued at $28,008,000 after buying an additional 276,700 shares in the last quarter. GM Advisory Group LLC lifted its position in iShares Expanded Tech Sector ETF by 537.6% during the first quarter. GM Advisory Group LLC now owns 287,719 shares of the exchange traded fund’s stock valued at $24,796,000 after buying an additional 242,597 shares in the last quarter. Finally, Legacy Financial Strategies LLC lifted its position in iShares Expanded Tech Sector ETF by 478.7% during the first quarter. Legacy Financial Strategies LLC now owns 247,896 shares of the exchange traded fund’s stock valued at $21,364,000 after buying an additional 205,059 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Down 0.1 %

Shares of IGM stock opened at $94.51 on Friday. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a fifty-two week low of $60.65 and a fifty-two week high of $98.70. The firm’s 50 day moving average price is $91.26 and its two-hundred day moving average price is $89.37.

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).