iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Hits New 1-Year High – Here’s Why

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) shares hit a new 52-week high on Wednesday . The stock traded as high as $107.20 and last traded at $107.06, with a volume of 87855 shares trading hands. The stock had previously closed at $104.95.

iShares Expanded Tech Sector ETF Price Performance

The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The stock’s 50 day simple moving average is $103.00 and its 200-day simple moving average is $97.23.

Institutional Trading of iShares Expanded Tech Sector ETF

Several large investors have recently made changes to their positions in the stock. AdvisorNet Financial Inc boosted its position in iShares Expanded Tech Sector ETF by 796.7% during the fourth quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 478 shares during the period. Assetmark Inc. acquired a new position in iShares Expanded Tech Sector ETF in the 3rd quarter valued at $63,000. Creative Financial Designs Inc. ADV boosted its holdings in iShares Expanded Tech Sector ETF by 89.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,240 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 585 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF in the third quarter worth $145,000. Finally, Apeiron RIA LLC acquired a new position in iShares Expanded Tech Sector ETF during the 4th quarter valued at $202,000.

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).