iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 13.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 735,364 shares of the exchange traded fund’s stock after buying an additional 88,089 shares during the quarter. JPMorgan Chase & Co.’s holdings in iShares Expanded Tech Sector ETF were worth $70,551,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IGM. Financial Gravity Asset Management Inc. grew its position in iShares Expanded Tech Sector ETF by 252.5% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 282 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 202 shares during the period. Assetmark Inc. purchased a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter worth approximately $63,000. Creative Financial Designs Inc. ADV increased its position in shares of iShares Expanded Tech Sector ETF by 89.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,240 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 585 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF in the third quarter valued at about $145,000. Finally, Middleton & Co. Inc. MA purchased a new stake in iShares Expanded Tech Sector ETF during the 3rd quarter valued at about $201,000.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA IGM opened at $103.89 on Friday. iShares Expanded Tech Sector ETF has a fifty-two week low of $71.49 and a fifty-two week high of $107.19. The stock’s fifty day moving average is $102.04 and its two-hundred day moving average is $96.53. The firm has a market capitalization of $5.24 billion, a P/E ratio of 7.11 and a beta of 1.53.

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).