78,482 Shares in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Bought by Fairscale Capital LLC

Fairscale Capital LLC bought a new stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 78,482 shares of the exchange traded fund’s stock, valued at approximately $7,649,000. iShares Expanded Tech Sector ETF comprises 6.4% of Fairscale Capital LLC’s holdings, making the stock its 3rd biggest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of IGM. UBS Group AG increased its holdings in shares of iShares Expanded Tech Sector ETF by 13.7% in the 4th quarter. UBS Group AG now owns 58,938 shares of the exchange traded fund’s stock worth $26,415,000 after acquiring an additional 7,100 shares during the period. Gladstone Institutional Advisory LLC bought a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth about $211,000. Wells Fargo & Company MN increased its stake in shares of iShares Expanded Tech Sector ETF by 9.8% in the fourth quarter. Wells Fargo & Company MN now owns 61,778 shares of the exchange traded fund’s stock valued at $27,687,000 after purchasing an additional 5,525 shares during the period. Stifel Financial Corp raised its holdings in shares of iShares Expanded Tech Sector ETF by 7.4% during the fourth quarter. Stifel Financial Corp now owns 21,272 shares of the exchange traded fund’s stock valued at $9,534,000 after buying an additional 1,463 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in iShares Expanded Tech Sector ETF by 7.0% during the 4th quarter. Scotia Capital Inc. now owns 11,049 shares of the exchange traded fund’s stock valued at $4,952,000 after acquiring an additional 719 shares in the last quarter.

iShares Expanded Tech Sector ETF Stock Performance

Shares of IGM stock opened at $94.51 on Friday. The firm has a market capitalization of $4.76 billion, a PE ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a 1 year low of $60.65 and a 1 year high of $98.70. The stock has a fifty day moving average of $91.26 and a two-hundred day moving average of $89.37.

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).