iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Large Volume Increase – Still a Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGMGet Free Report) saw unusually-strong trading volume on Tuesday . Approximately 1,700,590 shares changed hands during mid-day trading, an increase of 378% from the previous session’s volume of 355,905 shares.The stock last traded at $102.59 and had previously closed at $103.46.

iShares Expanded Tech Sector ETF Price Performance

The company has a 50 day moving average of $91.98 and a 200-day moving average of $99.03. The company has a market cap of $6.00 billion, a P/E ratio of 30.66 and a beta of 1.26.

Institutional Investors Weigh In On iShares Expanded Tech Sector ETF

Institutional investors have recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC bought a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth about $27,000. Financial Gravity Asset Management Inc. bought a new position in shares of iShares Expanded Tech Sector ETF in the first quarter worth approximately $26,000. Larson Financial Group LLC lifted its stake in shares of iShares Expanded Tech Sector ETF by 581.0% in the first quarter. Larson Financial Group LLC now owns 286 shares of the exchange traded fund’s stock worth $26,000 after buying an additional 244 shares in the last quarter. Morling Financial Advisors LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $30,000. Finally, CX Institutional bought a new stake in shares of iShares Expanded Tech Sector ETF during the first quarter valued at approximately $27,000.

iShares Expanded Tech Sector ETF Company Profile

(Get Free Report)

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).

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