WESPAC Advisors LLC Decreases Stock Position in iShares Expanded Tech Sector ETF $IGM

WESPAC Advisors LLC lowered its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 76.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,597 shares of the exchange traded fund’s stock after selling 8,309 shares during the period. WESPAC Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $335,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IGM. Bank of America Corp DE lifted its stake in iShares Expanded Tech Sector ETF by 101.6% in the 3rd quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock worth $665,119,000 after purchasing an additional 2,660,957 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Expanded Tech Sector ETF by 843.3% in the third quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock valued at $423,661,000 after purchasing an additional 3,007,140 shares in the last quarter. Raymond James Financial Inc. increased its holdings in shares of iShares Expanded Tech Sector ETF by 393.9% in the third quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after purchasing an additional 2,296,259 shares during the last quarter. Bank of Montreal Can lifted its position in iShares Expanded Tech Sector ETF by 35.6% during the third quarter. Bank of Montreal Can now owns 2,073,372 shares of the exchange traded fund’s stock worth $261,141,000 after buying an additional 544,007 shares in the last quarter. Finally, Truist Financial Corp lifted its position in iShares Expanded Tech Sector ETF by 1,165.7% during the third quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock worth $253,920,000 after buying an additional 1,856,762 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

Shares of IGM stock opened at $115.25 on Monday. iShares Expanded Tech Sector ETF has a twelve month low of $76.26 and a twelve month high of $135.81. The company’s 50-day moving average price is $125.19 and its 200-day moving average price is $127.65. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27.

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). 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.