Financial Freedom LLC Makes New $1.86 Million Investment in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Financial Freedom LLC bought a new position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,481 shares of the exchange traded fund’s stock, valued at approximately $1,857,000. iShares Expanded Tech Sector ETF makes up approximately 1.1% of Financial Freedom LLC’s investment portfolio, making the stock its 25th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Valmark Advisers Inc. boosted its stake in shares of iShares Expanded Tech Sector ETF by 6.3% in the 4th quarter. Valmark Advisers Inc. now owns 5,067 shares of the exchange traded fund’s stock worth $517,000 after buying an additional 301 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of iShares Expanded Tech Sector ETF by 14.2% in the 4th quarter. Sanctuary Advisors LLC now owns 62,340 shares of the exchange traded fund’s stock worth $6,555,000 after buying an additional 7,728 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its stake in shares of iShares Expanded Tech Sector ETF by 6.1% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,285 shares of the exchange traded fund’s stock worth $438,000 after buying an additional 248 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of iShares Expanded Tech Sector ETF by 10.9% in the 4th quarter. Global Retirement Partners LLC now owns 15,574 shares of the exchange traded fund’s stock worth $1,590,000 after buying an additional 1,533 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of iShares Expanded Tech Sector ETF by 1.5% in the 4th quarter. Private Advisor Group LLC now owns 63,034 shares of the exchange traded fund’s stock worth $6,435,000 after buying an additional 956 shares during the last quarter.

iShares Expanded Tech Sector ETF Price Performance

IGM stock opened at $107.74 on Tuesday. The company has a market cap of $6.26 billion, a P/E ratio of 31.64 and a beta of 1.26. iShares Expanded Tech Sector ETF has a 1 year low of $76.26 and a 1 year high of $108.73. The stock’s fifty day moving average price is $97.46 and its 200-day moving average price is $99.57.

iShares Expanded Tech Sector ETF 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).