Royal Bank of Canada Reduces Holdings in iShares Expanded Tech Sector ETF $IGM

Royal Bank of Canada trimmed its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 2.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,234,791 shares of the exchange traded fund’s stock after selling 36,408 shares during the period. Royal Bank of Canada owned about 1.85% of iShares Expanded Tech Sector ETF worth $146,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tucker Asset Management LLC acquired a new stake in iShares Expanded Tech Sector ETF in the fourth quarter worth $28,000. Atlantic Union Bankshares Corp lifted its stake in shares of iShares Expanded Tech Sector ETF by 153.2% in the 4th quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 144 shares during the period. FAS Wealth Partners Inc. bought a new position in iShares Expanded Tech Sector ETF during the 2nd quarter valued at $28,000. Cary Street Partners Financial LLC bought a new position in iShares Expanded Tech Sector ETF during the fourth quarter valued at about $37,000. Finally, Clearstead Trust LLC purchased a new position in iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $39,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM stock opened at $152.89 on Friday. The firm has a market cap of $10.01 billion, a P/E ratio of 34.08 and a beta of 1.39. The stock’s 50-day moving average is $158.99 and its two-hundred day moving average is $140.97. iShares Expanded Tech Sector ETF has a fifty-two week low of $112.60 and a fifty-two week high of $171.48.

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). 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.