Fairscale Capital LLC Trims Stock Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Fairscale Capital LLC cut its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 81,679 shares of the exchange traded fund’s stock after selling 246 shares during the period. iShares Expanded Tech Sector ETF makes up 7.1% of Fairscale Capital LLC’s investment portfolio, making the stock its 2nd largest position. Fairscale Capital LLC’s holdings in iShares Expanded Tech Sector ETF were worth $8,339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in iShares Expanded Tech Sector ETF by 13.6% during the third quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock valued at $70,551,000 after purchasing an additional 88,089 shares during the period. Jane Street Group LLC grew its holdings in shares of iShares Expanded Tech Sector ETF by 86.1% in the 3rd quarter. Jane Street Group LLC now owns 9,600 shares of the exchange traded fund’s stock valued at $921,000 after buying an additional 4,442 shares during the period. AdvisorNet Financial Inc increased its position in shares of iShares Expanded Tech Sector ETF by 796.7% in the 4th quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock valued at $55,000 after buying an additional 478 shares in the last quarter. Park Avenue Securities LLC raised its stake in iShares Expanded Tech Sector ETF by 68.3% during 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 period. Finally, FMR LLC lifted its holdings in iShares Expanded Tech Sector ETF by 8.8% during the third quarter. FMR LLC now owns 31,272 shares of the exchange traded fund’s stock worth $3,000,000 after acquiring an additional 2,519 shares in the last quarter.

iShares Expanded Tech Sector ETF Trading Up 1.1 %

NYSEARCA:IGM opened at $96.47 on Monday. iShares Expanded Tech Sector ETF has a 1 year low of $79.68 and a 1 year high of $108.73. The stock has a 50-day moving average price of $103.66 and a two-hundred day moving average price of $100.04. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of 32.57 and a beta of 1.20.

iShares Expanded Tech Sector ETF Company 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).