iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Stock Holdings Lowered by Cresset Asset Management LLC

Cresset Asset Management LLC reduced its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 45.7% during the fourth quarter, Holdings Channel reports. The firm owned 13,158 shares of the exchange traded fund’s stock after selling 11,085 shares during the period. Cresset Asset Management LLC’s holdings in iShares Expanded Tech Sector ETF were worth $1,343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of iShares Expanded Tech Sector ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 2,912,934 shares of the exchange traded fund’s stock worth $297,381,000 after purchasing an additional 70,407 shares in the last quarter. LPL Financial LLC grew its position in iShares Expanded Tech Sector ETF by 29.6% in the fourth quarter. LPL Financial LLC now owns 1,161,225 shares of the exchange traded fund’s stock worth $118,549,000 after acquiring an additional 265,134 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Expanded Tech Sector ETF by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 785,114 shares of the exchange traded fund’s stock worth $80,152,000 after acquiring an additional 49,750 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares Expanded Tech Sector ETF by 3.9% in the fourth quarter. Ameriprise Financial Inc. now owns 632,889 shares of the exchange traded fund’s stock worth $64,616,000 after buying an additional 23,490 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF in the fourth quarter worth $64,519,000.

iShares Expanded Tech Sector ETF Trading Down 0.2%

Shares of iShares Expanded Tech Sector ETF stock opened at $96.02 on Monday. The firm has a fifty day simple moving average of $91.02 and a 200-day simple moving average of $98.81. iShares Expanded Tech Sector ETF has a 1-year low of $76.26 and a 1-year high of $108.73. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 30.66 and a beta of 1.26.

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).