iShares Expanded Tech Sector ETF $IGM is Destination Wealth Management’s 9th Largest Position

Destination Wealth Management lowered its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 630,972 shares of the exchange traded fund’s stock after selling 11,047 shares during the quarter. iShares Expanded Tech Sector ETF makes up about 2.2% of Destination Wealth Management’s holdings, making the stock its 9th largest position. Destination Wealth Management’s holdings in iShares Expanded Tech Sector ETF were worth $79,471,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in IGM. FAS Wealth Partners Inc. acquired a new position in iShares Expanded Tech Sector ETF during the 2nd quarter worth approximately $28,000. Clarity Asset Management Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 2nd quarter valued at approximately $39,000. Avion Wealth boosted its stake in shares of iShares Expanded Tech Sector ETF by 47.6% in the third quarter. Avion Wealth now owns 310 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 100 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF in the third quarter valued at approximately $39,000. Finally, CoreCap Advisors LLC grew its holdings in iShares Expanded Tech Sector ETF by 445.7% during the third quarter. CoreCap Advisors LLC now owns 382 shares of the exchange traded fund’s stock worth $48,000 after acquiring an additional 312 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA:IGM opened at $122.02 on Monday. The stock has a fifty day moving average price of $127.08 and a two-hundred day moving average price of $127.48. The stock has a market capitalization of $8.41 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27. iShares Expanded Tech Sector ETF has a 1 year low of $76.26 and a 1 year high of $135.81.

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). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.