Farther Finance Advisors LLC Trims Stock Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Farther Finance Advisors LLC trimmed its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 51.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,289 shares of the exchange traded fund’s stock after selling 1,363 shares during the period. Farther Finance Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC boosted its holdings in iShares Expanded Tech Sector ETF by 76.7% in the second quarter. Signature Estate & Investment Advisors LLC now owns 1,783,263 shares of the exchange traded fund’s stock worth $168,180,000 after acquiring an additional 774,192 shares in the last quarter. LPL Financial LLC boosted its holdings in iShares Expanded Tech Sector ETF by 17.7% in the second quarter. LPL Financial LLC now owns 868,769 shares of the exchange traded fund’s stock worth $81,934,000 after acquiring an additional 130,619 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in iShares Expanded Tech Sector ETF by 57.5% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 427,716 shares of the exchange traded fund’s stock worth $40,338,000 after acquiring an additional 156,117 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares Expanded Tech Sector ETF by 17.3% in the second quarter. Envestnet Asset Management Inc. now owns 313,372 shares of the exchange traded fund’s stock worth $29,554,000 after acquiring an additional 46,106 shares in the last quarter. Finally, GM Advisory Group LLC boosted its holdings in iShares Expanded Tech Sector ETF by 2.1% in the second quarter. GM Advisory Group LLC now owns 293,677 shares of the exchange traded fund’s stock worth $27,697,000 after acquiring an additional 5,958 shares in the last quarter.

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA:IGM opened at $101.86 on Tuesday. The company has a market cap of $5.13 billion, a P/E ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a 1 year low of $67.86 and a 1 year high of $102.35. The stock’s fifty day moving average price is $95.37 and its 200-day moving average price is $92.37.

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).