Patten Group Inc. grew its stake in iShares North American Tech ETF (NYSEARCA:IGM) by 1,322.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,211 shares of the exchange traded fund’s stock after buying an additional 42,962 shares during the period. Patten Group Inc. owned approximately 0.59% of iShares North American Tech ETF worth $505,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in shares of iShares North American Tech ETF by 20.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 101,036 shares of the exchange traded fund’s stock valued at $14,614,000 after purchasing an additional 17,447 shares in the last quarter. Commonwealth Equity Services Inc boosted its stake in shares of iShares North American Tech ETF by 0.4% in the 3rd quarter. Commonwealth Equity Services Inc now owns 77,472 shares of the exchange traded fund’s stock valued at $12,029,000 after purchasing an additional 304 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares North American Tech ETF by 2.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 58,557 shares of the exchange traded fund’s stock valued at $8,470,000 after purchasing an additional 1,379 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of iShares North American Tech ETF by 1.5% in the 2nd quarter. Wells Fargo & Company MN now owns 49,085 shares of the exchange traded fund’s stock valued at $7,099,000 after purchasing an additional 727 shares in the last quarter. Finally, Mathes Company Inc. boosted its stake in shares of iShares North American Tech ETF by 4.9% in the 3rd quarter. Mathes Company Inc. now owns 38,825 shares of the exchange traded fund’s stock valued at $6,029,000 after purchasing an additional 1,800 shares in the last quarter.

A number of brokerages have recently issued reports on IGM. Scotiabank reaffirmed a “hold” rating and issued a $49.00 price objective on shares of iShares North American Tech ETF in a research note on Monday, November 6th. BMO Capital Markets reaffirmed a “buy” rating and issued a $47.00 price objective on shares of iShares North American Tech ETF in a research note on Sunday, September 17th.

Shares of iShares North American Tech ETF (IGM) traded up $0.16 on Tuesday, reaching $169.09. 17,400 shares of the company’s stock traded hands, compared to its average volume of 30,220. iShares North American Tech ETF has a fifty-two week low of $123.55 and a fifty-two week high of $172.32.

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iShares North American Tech 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).

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Institutional Ownership by Quarter for iShares North American Tech ETF (NYSEARCA:IGM)

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