iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Reaches New 52-Week High – Should You Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) shares hit a new 52-week high on Wednesday . The company traded as high as $108.73 and last traded at $108.46, with a volume of 408969 shares trading hands. The stock had previously closed at $108.11.

iShares Expanded Tech Sector ETF Stock Up 0.3 %

The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The business’s 50-day simple moving average is $104.63 and its two-hundred day simple moving average is $98.87.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $27,000. Morling Financial Advisors LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $30,000. OLD Point Trust & Financial Services N A acquired a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter valued at approximately $31,000. Private Wealth Management Group LLC purchased a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth approximately $36,000. Finally, Howe & Rusling Inc. purchased a new position in iShares Expanded Tech Sector ETF in the fourth quarter worth approximately $37,000.

About iShares Expanded Tech Sector ETF

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).