LPL Financial LLC Grows Position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

LPL Financial LLC lifted its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 29.6% in the 4th quarter, Holdings Channel reports. The firm owned 1,161,225 shares of the exchange traded fund’s stock after acquiring an additional 265,134 shares during the period. LPL Financial LLC’s holdings in iShares Expanded Tech Sector ETF were worth $118,549,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Morling Financial Advisors LLC bought a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $30,000. OLD Point Trust & Financial Services N A purchased a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth $31,000. Private Wealth Management Group LLC bought a new position in iShares Expanded Tech Sector ETF in the fourth quarter valued at $36,000. Transcendent Capital Group LLC purchased a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at about $42,000. Finally, AdvisorNet Financial Inc lifted its stake in iShares Expanded Tech Sector ETF by 796.7% during 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.

iShares Expanded Tech Sector ETF Trading Up 2.2 %

Shares of iShares Expanded Tech Sector ETF stock opened at $96.66 on Tuesday. The firm has a market capitalization of $5.53 billion, a PE ratio of 31.39 and a beta of 1.20. iShares Expanded Tech Sector ETF has a 12 month low of $79.68 and a 12 month high of $108.73. The business’s 50-day moving average price is $101.68 and its 200-day moving average price is $100.18.

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).