Mirae Asset Global Investments Co. Ltd. Invests $34.01 Million in iShares Expanded Tech Sector ETF $IGM

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 270,000 shares of the exchange traded fund’s stock, valued at approximately $34,006,000. Mirae Asset Global Investments Co. Ltd. owned about 0.36% of iShares Expanded Tech Sector ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp increased its holdings in shares of iShares Expanded Tech Sector ETF by 1,165.7% in the third quarter. Truist Financial Corp now owns 2,016,040 shares of the exchange traded fund’s stock valued at $253,920,000 after purchasing an additional 1,856,762 shares during the last quarter. Signature Estate & Investment Advisors LLC raised its position in shares of iShares Expanded Tech Sector ETF by 1.7% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,929,928 shares of the exchange traded fund’s stock valued at $216,808,000 after buying an additional 31,940 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 915.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 1,914,312 shares of the exchange traded fund’s stock worth $241,108,000 after acquiring an additional 1,725,741 shares in the last quarter. WestEnd Advisors LLC bought a new position in iShares Expanded Tech Sector ETF in the third quarter valued at approximately $224,760,000. Finally, Bank of Montreal Can increased its stake in iShares Expanded Tech Sector ETF by 32.4% in the second quarter. Bank of Montreal Can now owns 1,529,365 shares of the exchange traded fund’s stock valued at $171,809,000 after acquiring an additional 374,304 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

NYSEARCA IGM opened at $132.95 on Thursday. The business has a fifty day moving average price of $130.02 and a two-hundred day moving average price of $125.33. iShares Expanded Tech Sector ETF has a fifty-two week low of $76.26 and a fifty-two week high of $135.81. The stock has a market capitalization of $9.13 billion, a PE ratio of 34.08 and a beta of 1.27.

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.