Victory Capital Management Inc. Acquires Shares of 622,314 iShares Expanded Tech Sector ETF $IGM

Victory Capital Management Inc. bought a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 622,314 shares of the exchange traded fund’s stock, valued at approximately $78,380,000. Victory Capital Management Inc. owned 0.83% of iShares Expanded Tech Sector ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its position in iShares Expanded Tech Sector ETF by 843.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,363,724 shares of the exchange traded fund’s stock valued at $423,661,000 after acquiring an additional 3,007,140 shares during the period. Truist Financial Corp grew its stake in shares of iShares Expanded Tech Sector ETF by 1,165.7% in the 3rd quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock valued at $253,920,000 after purchasing an additional 1,856,762 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 915.2% in the third quarter. Janney Montgomery Scott LLC now owns 1,914,312 shares of the exchange traded fund’s stock valued at $241,108,000 after purchasing an additional 1,725,741 shares during the period. WestEnd Advisors LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF during the third quarter worth approximately $224,760,000. Finally, Cerity Partners LLC raised its stake in shares of iShares Expanded Tech Sector ETF by 6.8% during the third quarter. Cerity Partners LLC now owns 969,152 shares of the exchange traded fund’s stock worth $122,065,000 after purchasing an additional 61,567 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $125.17 on Friday. The firm’s fifty day moving average price is $127.81 and its 200 day moving average price is $127.01. iShares Expanded Tech Sector ETF has a 1-year low of $76.26 and a 1-year high of $135.81. The firm has a market cap of $8.62 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.