Belpointe Asset Management LLC Sells 57,496 Shares of iShares Expanded Tech Sector ETF $IGM

Belpointe Asset Management LLC lowered its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 58.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 41,110 shares of the exchange traded fund’s stock after selling 57,496 shares during the period. Belpointe Asset Management LLC’s holdings in iShares Expanded Tech Sector ETF were worth $3,727,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IGM. SCS Capital Management LLC purchased a new stake in iShares Expanded Tech Sector ETF in the first quarter worth about $712,000. Prostatis Group LLC bought a new position in shares of iShares Expanded Tech Sector ETF in the 1st quarter worth approximately $3,339,000. Ascent Group LLC purchased a new position in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at approximately $955,000. Strait & Sound Wealth Management LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 73.7% during the first quarter. Strait & Sound Wealth Management LLC now owns 5,299 shares of the exchange traded fund’s stock valued at $480,000 after purchasing an additional 2,248 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 2.3% during the first quarter. Signature Estate & Investment Advisors LLC now owns 1,897,988 shares of the exchange traded fund’s stock valued at $172,091,000 after purchasing an additional 42,534 shares in the last quarter.

iShares Expanded Tech Sector ETF Trading Up 0.5%

Shares of iShares Expanded Tech Sector ETF stock opened at $120.83 on Wednesday. The firm has a market capitalization of $7.35 billion, a P/E ratio of 34.08 and a beta of 1.18. The business has a fifty day simple moving average of $115.90 and a two-hundred day simple moving average of $103.80. iShares Expanded Tech Sector ETF has a 12 month low of $76.26 and a 12 month high of $120.93.

iShares Expanded Tech Sector ETF 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).