Lido Advisors LLC Raises Stock Position in iShares Expanded Tech Sector ETF $IGM

Lido Advisors LLC grew its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 3,325.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 235,458 shares of the exchange traded fund’s stock after buying an additional 228,584 shares during the period. Lido Advisors LLC owned approximately 0.34% of iShares Expanded Tech Sector ETF worth $30,390,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Assetmark Inc. boosted its stake in shares of iShares Expanded Tech Sector ETF by 22,603.5% during the 3rd quarter. Assetmark Inc. now owns 195,477 shares of the exchange traded fund’s stock worth $24,620,000 after purchasing an additional 194,616 shares during the period. AK Global Asset Management LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 4th quarter worth about $2,097,000. Advisory Alpha LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth about $614,000. Victory Capital Management Inc. purchased a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth about $78,380,000. Finally, Phillips Wealth Planners LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth about $879,000.

iShares Expanded Tech Sector ETF Trading Down 1.5%

IGM stock opened at $167.04 on Friday. iShares Expanded Tech Sector ETF has a 12 month low of $104.78 and a 12 month high of $171.48. The company has a 50-day moving average price of $143.00 and a 200 day moving average price of $133.04. The stock has a market cap of $11.15 billion, a PE ratio of 34.08 and a beta of 1.39.

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.