iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw strong trading volume on Monday . 582,650 shares changed hands during mid-day trading, an increase of 85% from the previous session’s volume of 314,740 shares.The stock last traded at $89.46 and had previously closed at $90.81.

iShares Expanded Tech Sector ETF Price Performance

The stock’s 50 day simple moving average is $101.01 and its two-hundred day simple moving average is $100.34. The company has a market capitalization of $5.16 billion, a P/E ratio of 31.39 and a beta of 1.20.

Institutional Trading of iShares Expanded Tech Sector ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $64,519,000. Wellington Management Group LLP acquired a new position in iShares Expanded Tech Sector ETF in the third quarter valued at about $40,436,000. SteelPeak Wealth LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 3,895.6% in the fourth quarter. SteelPeak Wealth LLC now owns 379,180 shares of the exchange traded fund’s stock worth $38,710,000 after acquiring an additional 369,690 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Expanded Tech Sector ETF by 29.6% during the fourth quarter. LPL Financial LLC now owns 1,161,225 shares of the exchange traded fund’s stock worth $118,549,000 after purchasing an additional 265,134 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of iShares Expanded Tech Sector ETF by 81,664.1% during the 4th quarter. Allworth Financial LP now owns 252,651 shares of the exchange traded fund’s stock valued at $27,046,000 after purchasing an additional 252,342 shares in the last quarter.

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).