iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Hits New 52-Week High – Still a Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $107.20 and last traded at $107.06, with a volume of 87855 shares traded. The stock had previously closed at $104.95.

iShares Expanded Tech Sector ETF Stock Down 0.5 %

The stock’s 50-day moving average price is $103.23 and its 200 day moving average price is $97.37. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IGM. Signature Estate & Investment Advisors LLC grew its position in 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 valued at $177,980,000 after acquiring an additional 71,852 shares during the period. Bank of Montreal Can increased its position in shares of iShares Expanded Tech Sector ETF by 64.7% during the 3rd quarter. Bank of Montreal Can now owns 1,199,146 shares of the exchange traded fund’s stock worth $114,662,000 after purchasing an additional 471,204 shares in the last quarter. JPMorgan Chase & Co. lifted 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 during the last quarter. Wellington Management Group LLP acquired a new position in iShares Expanded Tech Sector ETF in the third quarter valued at about $40,436,000. Finally, SteelPeak Wealth LLC increased its holdings in shares of iShares Expanded Tech Sector ETF by 3,895.6% during the fourth quarter. SteelPeak Wealth LLC now owns 379,180 shares of the exchange traded fund’s stock worth $38,710,000 after buying an additional 369,690 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).