iShares Expanded Tech Sector ETF $IGM Shares Sold by Phillips Wealth Planners LLC

Phillips Wealth Planners LLC lowered its holdings in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 53.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,201 shares of the exchange traded fund’s stock after selling 3,636 shares during the quarter. Phillips Wealth Planners LLC’s holdings in iShares Expanded Tech Sector ETF were worth $411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in iShares Expanded Tech Sector ETF during the fourth quarter worth about $28,000. Atlantic Union Bankshares Corp raised its position in iShares Expanded Tech Sector ETF by 153.2% during the fourth quarter. Atlantic Union Bankshares Corp now owns 238 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 144 shares during the last quarter. FAS Wealth Partners Inc. acquired a new position in iShares Expanded Tech Sector ETF during the second quarter worth about $28,000. Cary Street Partners Financial LLC acquired a new position in iShares Expanded Tech Sector ETF during the fourth quarter worth about $37,000. Finally, Clearstead Trust LLC acquired a new position in iShares Expanded Tech Sector ETF during the fourth quarter worth about $39,000.

iShares Expanded Tech Sector ETF Trading Up 1.1%

Shares of IGM opened at $170.99 on Wednesday. The stock has a market cap of $11.41 billion, a P/E ratio of 34.08 and a beta of 1.36. The company has a 50-day moving average of $140.14 and a two-hundred day moving average of $132.19. iShares Expanded Tech Sector ETF has a 12-month low of $103.48 and a 12-month high of $170.99.

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). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.