Schmidt P J Investment Management Inc. Makes New $934,000 Investment in iShares Expanded Tech Sector ETF $IGM

Schmidt P J Investment Management Inc. purchased a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 5,525 shares of the exchange traded fund’s stock, valued at approximately $934,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IGM. Concurrent Investment Advisors LLC boosted its position in iShares Expanded Tech Sector ETF by 18.6% during the second quarter. Concurrent Investment Advisors LLC now owns 59,498 shares of the exchange traded fund’s stock worth $9,733,000 after acquiring an additional 9,335 shares during the last quarter. Citizens Financial Group Inc. RI acquired a new position in iShares Expanded Tech Sector ETF during the third quarter worth $2,606,000. Assetmark Inc. boosted its stake in iShares Expanded Tech Sector ETF by 16.9% during the first quarter. Assetmark Inc. now owns 123,203 shares of the exchange traded fund’s stock worth $14,601,000 after buying an additional 17,786 shares during the last quarter. Integrity Investment Advisors LLC grew its holdings in iShares Expanded Tech Sector ETF by 7.0% in the 1st quarter. Integrity Investment Advisors LLC now owns 59,956 shares of the exchange traded fund’s stock valued at $7,105,000 after buying an additional 3,936 shares in the last quarter. Finally, Ayalon Insurance Comp Ltd. purchased a new stake in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $1,999,000.

iShares Expanded Tech Sector ETF Stock Up 0.2%

NYSEARCA IGM opened at $150.80 on Thursday. The business’s fifty day simple moving average is $163.42 and its 200-day simple moving average is $148.53. The firm has a market cap of $10.32 billion, a PE ratio of 34.08 and a beta of 1.42. iShares Expanded Tech Sector ETF has a 52 week low of $112.60 and a 52 week high of $175.16.

iShares Expanded Tech Sector ETF Company 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.