Kane Investment Management Inc. Acquires 3,725 Shares of iShares Expanded Tech Sector ETF $IGM

Kane Investment Management Inc. boosted its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 136.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,455 shares of the exchange traded fund’s stock after buying an additional 3,725 shares during the period. Kane Investment Management Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FAS Wealth Partners Inc. bought a new position in iShares Expanded Tech Sector ETF during the 2nd quarter worth $28,000. Tucker Asset Management LLC bought a new position in iShares Expanded Tech Sector ETF during the 4th quarter worth $28,000. Atlantic Union Bankshares Corp raised its position in iShares Expanded Tech Sector ETF by 153.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after purchasing an additional 144 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in iShares Expanded Tech Sector ETF during the 4th quarter worth $37,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in iShares Expanded Tech Sector ETF during the 3rd quarter worth $38,000.

iShares Expanded Tech Sector ETF Stock Up 0.7%

Shares of NYSEARCA:IGM opened at $159.36 on Friday. iShares Expanded Tech Sector ETF has a 12-month low of $105.36 and a 12-month high of $171.48. The business has a fifty day simple moving average of $147.74 and a 200 day simple moving average of $134.36. The firm has a market cap of $10.64 billion, a P/E ratio of 34.08 and a beta of 1.39.

About iShares Expanded Tech Sector ETF

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.