iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Stock Break Above 200 Day Moving Average – Here’s Why

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $148.94 and traded as high as $152.87. iShares Expanded Tech Sector ETF shares last traded at $151.08, with a volume of 377,297 shares changing hands.

iShares Expanded Tech Sector ETF Price Performance

The company has a market capitalization of $10.38 billion, a PE ratio of 34.08 and a beta of 1.42. The firm’s 50 day moving average is $161.92 and its 200 day moving average is $148.94.

Institutional Trading of iShares Expanded Tech Sector ETF

A number of hedge funds have recently modified their holdings of the business. Portfolio Resources Advisor Group Inc. grew its stake in shares of iShares Expanded Tech Sector ETF by 6.3% in the 3rd quarter. Portfolio Resources Advisor Group Inc. now owns 1,332 shares of the exchange traded fund’s stock worth $225,000 after buying an additional 79 shares during the last quarter. Strait & Sound Wealth Management LLC raised its stake in iShares Expanded Tech Sector ETF by 1.3% during the first quarter. Strait & Sound Wealth Management LLC now owns 6,657 shares of the exchange traded fund’s stock valued at $789,000 after buying an additional 88 shares during the last quarter. Waverly Advisors LLC raised its stake in iShares Expanded Tech Sector ETF by 1.1% during the first quarter. Waverly Advisors LLC now owns 9,216 shares of the exchange traded fund’s stock valued at $1,092,000 after buying an additional 98 shares during the last quarter. CX Institutional boosted its holdings in iShares Expanded Tech Sector ETF by 6.2% in the third quarter. CX Institutional now owns 1,866 shares of the exchange traded fund’s stock worth $315,000 after acquiring an additional 109 shares in the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its holdings in iShares Expanded Tech Sector ETF by 2.2% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 5,703 shares of the exchange traded fund’s stock worth $964,000 after acquiring an additional 124 shares in the last quarter.

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). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.