Bank of New York Mellon Corp Decreases Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Bank of New York Mellon Corp reduced its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 83.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,600 shares of the exchange traded fund’s stock after selling 39,458 shares during the period. Bank of New York Mellon Corp’s holdings in iShares Expanded Tech Sector ETF were worth $776,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IGM. Private Wealth Management Group LLC bought a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at about $36,000. Transcendent Capital Group LLC bought a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth about $42,000. AdvisorNet Financial Inc raised its holdings in shares of iShares Expanded Tech Sector ETF by 796.7% in the 4th quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 478 shares in the last quarter. CENTRAL TRUST Co bought a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at about $83,000. Finally, Synergy Asset Management LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the fourth quarter worth about $89,000.

iShares Expanded Tech Sector ETF Trading Down 2.5 %

IGM stock opened at $94.76 on Thursday. The company’s 50 day moving average is $101.45 and its 200 day moving average is $100.22. The stock has a market cap of $5.42 billion, a price-to-earnings ratio of 31.39 and a beta of 1.20. iShares Expanded Tech Sector ETF has a 1-year low of $79.68 and a 1-year high of $108.73.

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).