Destination Wealth Management Sells 5,753 Shares of iShares Expanded Tech Sector ETF $IGM

Destination Wealth Management lessened its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 0.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 625,219 shares of the exchange traded fund’s stock after selling 5,753 shares during the period. iShares Expanded Tech Sector ETF makes up approximately 2.1% of Destination Wealth Management’s portfolio, making the stock its 10th largest position. Destination Wealth Management’s holdings in iShares Expanded Tech Sector ETF were worth $80,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Arax Advisory Partners acquired a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at $151,000. Aptus Capital Advisors LLC lifted its holdings in iShares Expanded Tech Sector ETF by 116.0% during the fourth quarter. Aptus Capital Advisors LLC now owns 311 shares of the exchange traded fund’s stock valued at $40,000 after purchasing an additional 167 shares in the last quarter. GM Advisory Group LLC lifted its holdings in iShares Expanded Tech Sector ETF by 0.5% during the fourth quarter. GM Advisory Group LLC now owns 100,344 shares of the exchange traded fund’s stock valued at $12,960,000 after purchasing an additional 455 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in iShares Expanded Tech Sector ETF by 12.5% during the fourth quarter. Arkadios Wealth Advisors now owns 7,848 shares of the exchange traded fund’s stock valued at $1,014,000 after purchasing an additional 870 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in iShares Expanded Tech Sector ETF by 0.9% during the fourth quarter. First Trust Advisors LP now owns 52,563 shares of the exchange traded fund’s stock valued at $6,789,000 after purchasing an additional 492 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Up 0.7%

IGM opened at $159.36 on Friday. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 34.08 and a beta of 1.39. iShares Expanded Tech Sector ETF has a 52-week low of $105.36 and a 52-week high of $171.48. The firm’s fifty day simple moving average is $147.74 and its two-hundred day simple moving average is $134.36.

iShares Expanded Tech Sector ETF Company 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.