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

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) shares saw unusually-high trading volume on Monday . Approximately 1,181,923 shares were traded during trading, an increase of 119% from the previous session’s volume of 539,532 shares.The stock last traded at $127.5740 and had previously closed at $127.81.

iShares Expanded Tech Sector ETF Stock Performance

The company has a market capitalization of $9.47 billion, a PE ratio of 34.08 and a beta of 1.27. The company’s 50-day simple moving average is $127.87 and its 200-day simple moving average is $116.32.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Blair William & Co. IL increased its stake in shares of iShares Expanded Tech Sector ETF by 117.7% during the second quarter. Blair William & Co. IL now owns 5,387 shares of the exchange traded fund’s stock worth $605,000 after acquiring an additional 2,913 shares during the period. Harbour Investments Inc. boosted its holdings in iShares Expanded Tech Sector ETF by 4.5% in the 2nd quarter. Harbour Investments Inc. now owns 5,245 shares of the exchange traded fund’s stock valued at $589,000 after purchasing an additional 227 shares in the last quarter. MA Private Wealth acquired a new position in iShares Expanded Tech Sector ETF during the 2nd quarter worth approximately $223,000. Ameritas Advisory Services LLC acquired a new position in iShares Expanded Tech Sector ETF during the 2nd quarter worth approximately $119,000. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the 2nd quarter worth approximately $37,000.

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).