iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Hits New 52-Week High – Here’s What Happened

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $159.63 and last traded at $159.32, with a volume of 31088 shares trading hands. The stock had previously closed at $157.19.

iShares Expanded Tech Sector ETF Stock Up 2.1%

The stock has a market cap of $10.71 billion, a P/E ratio of 34.08 and a beta of 1.36. The business has a 50 day moving average price of $136.09 and a 200 day moving average price of $131.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. AQR Capital Management LLC bought a new position in iShares Expanded Tech Sector ETF in the first quarter worth approximately $274,000. Goldman Sachs Group Inc. grew its stake in iShares Expanded Tech Sector ETF by 6.1% in the first quarter. Goldman Sachs Group Inc. now owns 179,105 shares of the exchange traded fund’s stock worth $16,239,000 after purchasing an additional 10,218 shares in the last quarter. First Trust Advisors LP grew its stake in iShares Expanded Tech Sector ETF by 13.1% in the second quarter. First Trust Advisors LP now owns 58,839 shares of the exchange traded fund’s stock worth $6,610,000 after purchasing an additional 6,811 shares in the last quarter. Marshall Wace LLP bought a new position in iShares Expanded Tech Sector ETF in the second quarter worth approximately $3,083,000. Finally, Qube Research & Technologies Ltd grew its stake in iShares Expanded Tech Sector ETF by 3.7% in the second quarter. Qube Research & Technologies Ltd now owns 3,268 shares of the exchange traded fund’s stock worth $367,000 after purchasing an additional 118 shares in the last quarter.

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.