iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Hits New 12-Month High – Here’s What Happened

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $107.88 and last traded at $107.80, with a volume of 185416 shares trading hands. The stock had previously closed at $106.34.

iShares Expanded Tech Sector ETF Trading Up 1.4 %

The firm’s fifty day simple moving average is $104.43 and its two-hundred day simple moving average is $98.43. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Morling Financial Advisors LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $30,000. OLD Point Trust & Financial Services N A purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $31,000. Private Wealth Management Group LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $36,000. Howe & Rusling Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $37,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at approximately $42,000.

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).