iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sets New 12-Month Low – Should You Sell?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) hit a new 52-week low on Monday . The company traded as low as $76.26 and last traded at $76.59, with a volume of 118325 shares. The stock had previously closed at $80.57.

iShares Expanded Tech Sector ETF Stock Performance

The business has a 50 day simple moving average of $99.22 and a two-hundred day simple moving average of $100.20. The firm has a market capitalization of $4.64 billion, a P/E ratio of 31.39 and a beta of 1.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Aptus Capital Advisors LLC purchased a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth approximately $27,000. Morling Financial Advisors LLC purchased a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth $30,000. OLD Point Trust & Financial Services N A bought a new position in iShares Expanded Tech Sector ETF in the fourth quarter valued at $31,000. Private Wealth Management Group LLC purchased a new stake in iShares Expanded Tech Sector ETF during the fourth quarter valued at about $36,000. Finally, Howe & Rusling Inc. bought a new stake in iShares Expanded Tech Sector ETF during the fourth quarter worth about $37,000.

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).