Shelton Wealth Management LLC Cuts Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Shelton Wealth Management LLC decreased its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 7.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 23,841 shares of the exchange traded fund’s stock after selling 1,958 shares during the period. iShares Expanded Tech Sector ETF makes up about 1.3% of Shelton Wealth Management LLC’s investment portfolio, making the stock its 18th largest position. Shelton Wealth Management LLC’s holdings in iShares Expanded Tech Sector ETF were worth $2,434,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IGM. Signature Estate & Investment Advisors LLC boosted its position in shares of iShares Expanded Tech Sector ETF by 4.0% in the third quarter. Signature Estate & Investment Advisors LLC now owns 1,855,115 shares of the exchange traded fund’s stock worth $177,980,000 after buying an additional 71,852 shares during the period. Bank of Montreal Can raised its stake in shares of iShares Expanded Tech Sector ETF by 64.7% during the third quarter. Bank of Montreal Can now owns 1,199,146 shares of the exchange traded fund’s stock valued at $114,662,000 after purchasing an additional 471,204 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares Expanded Tech Sector ETF by 13.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock valued at $70,551,000 after purchasing an additional 88,089 shares in the last quarter. Wellington Management Group LLP acquired a new position in iShares Expanded Tech Sector ETF in the 3rd quarter worth $40,436,000. Finally, Envestnet Asset Management Inc. boosted its position in iShares Expanded Tech Sector ETF by 17.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 313,372 shares of the exchange traded fund’s stock valued at $29,554,000 after buying an additional 46,106 shares during the last quarter.

iShares Expanded Tech Sector ETF Trading Up 1.4 %

iShares Expanded Tech Sector ETF stock opened at $103.92 on Friday. The stock has a market cap of $5.24 billion, a P/E ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a 52 week low of $75.66 and a 52 week high of $107.19. The stock has a 50 day moving average of $102.90 and a 200-day moving average of $97.11.

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).