Allworth Financial LP Cuts Position in iShares Expanded Tech Sector ETF $IGM

Allworth Financial LP trimmed its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 234,047 shares of the exchange traded fund’s stock after selling 9,786 shares during the period. Allworth Financial LP’s holdings in iShares Expanded Tech Sector ETF were worth $30,229,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Bank of America Corp DE raised its position in iShares Expanded Tech Sector ETF by 101.6% in the third quarter. Bank of America Corp DE now owns 5,280,818 shares of the exchange traded fund’s stock valued at $665,119,000 after purchasing an additional 2,660,957 shares during the period. Envestnet Asset Management Inc. grew its stake 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 buying an additional 3,007,140 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 393.9% during the 3rd quarter. Raymond James Financial Inc. now owns 2,879,177 shares of the exchange traded fund’s stock valued at $362,632,000 after buying an additional 2,296,259 shares during the period. Bank of Montreal Can raised its holdings in shares of iShares Expanded Tech Sector ETF by 35.6% during the 3rd quarter. Bank of Montreal Can now owns 2,073,372 shares of the exchange traded fund’s stock valued at $261,141,000 after buying an additional 544,007 shares during the period. Finally, Truist Financial Corp lifted its position in iShares Expanded Tech Sector ETF by 1,165.7% during the 3rd quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock worth $253,920,000 after acquiring an additional 1,856,762 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Up 1.0%

NYSEARCA IGM opened at $154.66 on Thursday. The stock has a market cap of $10.32 billion, a PE ratio of 34.08 and a beta of 1.36. iShares Expanded Tech Sector ETF has a fifty-two week low of $100.00 and a fifty-two week high of $155.81. The business has a 50 day moving average price of $131.18 and a two-hundred day moving average price of $129.80.

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.