Mathes Company Inc. Sells 17,109 Shares of iShares Expanded Tech Sector ETF $IGM

Mathes Company Inc. decreased its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 12.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,315 shares of the exchange traded fund’s stock after selling 17,109 shares during the period. iShares Expanded Tech Sector ETF comprises 5.7% of Mathes Company Inc.’s investment portfolio, making the stock its biggest position. Mathes Company Inc. owned approximately 0.18% of iShares Expanded Tech Sector ETF worth $15,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. United Community Bank lifted its stake in iShares Expanded Tech Sector ETF by 10.7% during the 4th quarter. United Community Bank now owns 797 shares of the exchange traded fund’s stock worth $103,000 after acquiring an additional 77 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in iShares Expanded Tech Sector ETF by 17.6% during the 4th quarter. Y.D. More Investments Ltd now owns 529 shares of the exchange traded fund’s stock worth $68,000 after purchasing an additional 79 shares during the period. CIBC Private Wealth Group LLC increased its holdings in iShares Expanded Tech Sector ETF by 8.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,157 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 89 shares during the period. Fifth Third Bancorp increased its holdings in iShares Expanded Tech Sector ETF by 1.6% during the 3rd quarter. Fifth Third Bancorp now owns 6,161 shares of the exchange traded fund’s stock worth $776,000 after purchasing an additional 100 shares during the period. Finally, Stratos Wealth Partners LTD. increased its holdings in iShares Expanded Tech Sector ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 8,624 shares of the exchange traded fund’s stock worth $1,114,000 after purchasing an additional 105 shares during the period.

iShares Expanded Tech Sector ETF Stock Performance

IGM stock opened at $157.19 on Monday. The company’s 50 day moving average price is $135.40 and its 200 day moving average price is $130.83. iShares Expanded Tech Sector ETF has a fifty-two week low of $100.00 and a fifty-two week high of $158.19. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 34.08 and a beta of 1.36.

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.