Janney Montgomery Scott LLC Trims Stock Holdings in iShares Expanded Tech Sector ETF $IGM

Janney Montgomery Scott LLC decreased its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 3.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 998,105 shares of the exchange traded fund’s stock after selling 37,725 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Expanded Tech Sector ETF were worth $118,285,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. United Community Bank boosted its holdings in shares of iShares Expanded Tech Sector ETF by 10.7% during the 4th quarter. United Community Bank now owns 797 shares of the exchange traded fund’s stock valued at $103,000 after buying an additional 77 shares in the last quarter. Y.D. More Investments Ltd increased its stake in shares of iShares Expanded Tech Sector ETF by 17.6% in the 4th quarter. Y.D. More Investments Ltd now owns 529 shares of the exchange traded fund’s stock worth $68,000 after acquiring an additional 79 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of iShares Expanded Tech Sector ETF by 8.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,157 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 89 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in iShares Expanded Tech Sector ETF by 1.2% during the 4th quarter. Stratos Wealth Partners LTD. now owns 8,624 shares of the exchange traded fund’s stock valued at $1,114,000 after acquiring an additional 105 shares during the period. Finally, Choreo LLC lifted its position in iShares Expanded Tech Sector ETF by 3.4% during the 3rd quarter. Choreo LLC now owns 3,267 shares of the exchange traded fund’s stock valued at $412,000 after acquiring an additional 107 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA:IGM opened at $155.89 on Friday. iShares Expanded Tech Sector ETF has a one year low of $110.25 and a one year high of $171.48. The company’s 50-day simple moving average is $154.58 and its 200 day simple moving average is $136.51. The firm has a market capitalization of $10.41 billion, a P/E 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.