35,157 Shares in iShares Expanded Tech Sector ETF $IGM Acquired by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. purchased a new position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the third quarter, Holdings Channel.com reports. The fund purchased 35,157 shares of the exchange traded fund’s stock, valued at approximately $5,943,000. iShares Expanded Tech Sector ETF comprises 1.3% of Meridian Investment Counsel Inc.’s portfolio, making the stock its 14th largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Seven Bridges Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF in the third quarter valued at $25,928,000. Decker Wealth Management LLC purchased a new position in iShares Expanded Tech Sector ETF during the 1st quarter valued at $12,310,000. Avior Wealth Management LLC purchased a new position in iShares Expanded Tech Sector ETF during the 2nd quarter valued at $5,548,000. B. Riley Wealth Advisors Inc. bought a new position in iShares Expanded Tech Sector ETF in the 3rd quarter worth $4,057,000. Finally, Fifth Third Bancorp raised its holdings in iShares Expanded Tech Sector ETF by 409.8% in the 1st quarter. Fifth Third Bancorp now owns 27,262 shares of the exchange traded fund’s stock worth $3,231,000 after purchasing an additional 21,914 shares in the last quarter.

iShares Expanded Tech Sector ETF Trading Down 3.1%

Shares of NYSEARCA IGM opened at $165.08 on Thursday. The firm has a fifty day simple moving average of $164.46 and a two-hundred day simple moving average of $155.48. iShares Expanded Tech Sector ETF has a 12 month low of $112.60 and a 12 month high of $175.16. The firm has a market capitalization of $11.19 billion, a PE ratio of 34.08 and a beta of 1.39.

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.