PNC Financial Services Group Inc. Cuts Stake in iShares Expanded Tech Sector ETF $IGM

PNC Financial Services Group Inc. decreased its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 4.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,088 shares of the exchange traded fund’s stock after selling 3,816 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $8,885,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its position in iShares Expanded Tech Sector ETF by 117.7% during the second quarter. Blair William & Co. IL now owns 5,387 shares of the exchange traded fund’s stock worth $605,000 after buying an additional 2,913 shares in the last quarter. Harbour Investments Inc. increased its position in iShares Expanded Tech Sector ETF by 4.5% during the 2nd quarter. Harbour Investments Inc. now owns 5,245 shares of the exchange traded fund’s stock worth $589,000 after purchasing an additional 227 shares in the last quarter. MA Private Wealth purchased a new stake in iShares Expanded Tech Sector ETF during the 2nd quarter worth about $223,000. Ameritas Advisory Services LLC acquired a new position in iShares Expanded Tech Sector ETF in the 2nd quarter valued at about $119,000. Finally, Capital Advisors Ltd. LLC purchased a new position in iShares Expanded Tech Sector ETF in the 2nd quarter valued at about $37,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA IGM opened at $127.81 on Friday. The company has a 50-day simple moving average of $127.87 and a 200-day simple moving average of $116.16. The company has a market cap of $9.59 billion, a PE ratio of 34.08 and a beta of 1.27. iShares Expanded Tech Sector ETF has a 12 month low of $76.26 and a 12 month high of $135.81.

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).