iShares Expanded Tech Sector ETF $IGM Stock Position Reduced by Paragon Advisors LLC

Paragon Advisors LLC lessened its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 23.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,532 shares of the exchange traded fund’s stock after selling 8,834 shares during the quarter. iShares Expanded Tech Sector ETF makes up approximately 0.9% of Paragon Advisors LLC’s holdings, making the stock its 25th largest holding. Paragon Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $4,992,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Trust Co. of Vermont purchased a new position in iShares Expanded Tech Sector ETF in the 2nd quarter valued at about $34,000. Oakworth Capital Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF during the third quarter worth about $35,000. Indiana Trust & Investment Management Co purchased a new stake in shares of iShares Expanded Tech Sector ETF during the third quarter worth about $40,000. Prudent Man Investment Management Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF during the third quarter worth about $45,000. Finally, Western Wealth Management LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the first quarter valued at approximately $33,000.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $141.90 on Monday. The firm has a market cap of $9.75 billion, a PE ratio of 34.08 and a beta of 1.42. The firm has a 50 day simple moving average of $162.62 and a 200-day simple moving average of $148.65. iShares Expanded Tech Sector ETF has a 1-year low of $112.60 and a 1-year high of $175.16.

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.