LPL Financial LLC Has $187.79 Million Position in iShares Expanded Tech Sector ETF $IGM

LPL Financial LLC lowered its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 9.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,453,943 shares of the exchange traded fund’s stock after selling 154,914 shares during the quarter. LPL Financial LLC’s holdings in iShares Expanded Tech Sector ETF were worth $187,791,000 as of its most recent SEC filing.

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

iShares Expanded Tech Sector ETF Trading Down 1.6%

NYSEARCA IGM opened at $156.87 on Wednesday. The company has a market cap of $10.47 billion, a P/E ratio of 34.08 and a beta of 1.39. The company has a fifty day simple moving average of $145.37 and a 200 day simple moving average of $133.72. iShares Expanded Tech Sector ETF has a 12-month low of $105.36 and a 12-month high of $171.48.

iShares Expanded Tech Sector ETF Company 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.