Royal Bank of Canada Boosts Stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Royal Bank of Canada grew its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,221,272 shares of the exchange traded fund’s stock after buying an additional 11,713 shares during the quarter. Royal Bank of Canada owned 2.42% of iShares Expanded Tech Sector ETF worth $124,679,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AdvisorNet Financial Inc boosted its position in iShares Expanded Tech Sector ETF by 796.7% in the fourth quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 478 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of iShares Expanded Tech Sector ETF by 68.3% in the 4th quarter. Park Avenue Securities LLC now owns 6,800 shares of the exchange traded fund’s stock worth $694,000 after buying an additional 2,760 shares during the last quarter. Arkadios Wealth Advisors grew its position in iShares Expanded Tech Sector ETF by 9.6% during the fourth quarter. Arkadios Wealth Advisors now owns 6,584 shares of the exchange traded fund’s stock valued at $672,000 after buying an additional 579 shares during the period. Diversify Advisory Services LLC purchased a new stake in iShares Expanded Tech Sector ETF during the fourth quarter worth about $1,528,000. Finally, Clear Harbor Asset Management LLC purchased a new stake in iShares Expanded Tech Sector ETF during the fourth quarter worth about $211,000.

iShares Expanded Tech Sector ETF Stock Up 0.2%

IGM opened at $103.54 on Monday. iShares Expanded Tech Sector ETF has a twelve month low of $76.26 and a twelve month high of $108.73. The company’s 50-day moving average price is $91.79 and its two-hundred day moving average price is $98.98. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 30.66 and a beta of 1.26.

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).