Newman Dignan & Sheerar Inc. Takes Position in iShares Expanded Tech Sector ETF $IGM

Newman Dignan & Sheerar Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,800 shares of the exchange traded fund’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Signature Estate & Investment Advisors LLC increased its stake in shares of iShares Expanded Tech Sector ETF by 2.3% in the 1st quarter. Signature Estate & Investment Advisors LLC now owns 1,897,988 shares of the exchange traded fund’s stock worth $172,091,000 after purchasing an additional 42,534 shares in the last quarter. Royal Bank of Canada increased its stake in shares of iShares Expanded Tech Sector ETF by 3.1% in the 1st quarter. Royal Bank of Canada now owns 1,259,022 shares of the exchange traded fund’s stock worth $114,155,000 after purchasing an additional 37,750 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 1.7% in the 1st quarter. Raymond James Financial Inc. now owns 642,513 shares of the exchange traded fund’s stock worth $58,257,000 after purchasing an additional 10,531 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 637,189 shares of the exchange traded fund’s stock worth $57,783,000 after purchasing an additional 4,300 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in iShares Expanded Tech Sector ETF by 45.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 429,228 shares of the exchange traded fund’s stock worth $38,918,000 after buying an additional 133,142 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

Shares of IGM stock opened at $127.65 on Friday. iShares Expanded Tech Sector ETF has a 52-week low of $76.26 and a 52-week high of $128.11. The firm has a market capitalization of $7.77 billion, a PE ratio of 34.08 and a beta of 1.18. The stock has a fifty day simple moving average of $119.83 and a two-hundred day simple moving average of $107.07.

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).