Northwestern Mutual Wealth Management Co. Boosts Position in iShares Expanded Tech Sector ETF $IGM

Northwestern Mutual Wealth Management Co. boosted its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 66.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 49,910 shares of the exchange traded fund’s stock after purchasing an additional 19,962 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Expanded Tech Sector ETF were worth $5,607,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in IGM. Signature Estate & Investment Advisors LLC lifted its stake in shares of iShares Expanded Tech Sector ETF by 1.7% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,929,928 shares of the exchange traded fund’s stock worth $216,808,000 after purchasing an additional 31,940 shares during the period. Bank of Montreal Can increased its holdings in iShares Expanded Tech Sector ETF by 32.4% during the second quarter. Bank of Montreal Can now owns 1,529,365 shares of the exchange traded fund’s stock valued at $171,809,000 after buying an additional 374,304 shares during the last quarter. Royal Bank of Canada increased its holdings in iShares Expanded Tech Sector ETF by 3.1% during the first quarter. Royal Bank of Canada now owns 1,259,022 shares of the exchange traded fund’s stock valued at $114,155,000 after buying an additional 37,750 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Expanded Tech Sector ETF by 0.8% in the second quarter. JPMorgan Chase & Co. now owns 917,005 shares of the exchange traded fund’s stock worth $103,016,000 after acquiring an additional 7,627 shares during the period. Finally, Raymond James Financial Inc. raised its position in iShares Expanded Tech Sector ETF by 1.7% in the first quarter. Raymond James Financial Inc. now owns 642,513 shares of the exchange traded fund’s stock worth $58,257,000 after acquiring an additional 10,531 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM stock opened at $130.96 on Wednesday. iShares Expanded Tech Sector ETF has a 1 year low of $76.26 and a 1 year high of $135.81. The firm has a fifty day moving average price of $128.70 and a 200-day moving average price of $118.76. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27.

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).