Truist Financial Corp Decreases Stock Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Truist Financial Corp decreased its position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,479 shares of the exchange traded fund’s stock after selling 23,560 shares during the quarter. Truist Financial Corp owned approximately 0.35% of iShares Expanded Tech Sector ETF worth $17,813,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Private Wealth Management Group LLC purchased a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter valued at about $36,000. AdvisorNet Financial Inc increased its position in shares of iShares Expanded Tech Sector ETF by 796.7% in the fourth quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 478 shares during the period. Assetmark Inc. purchased a new position in shares of iShares Expanded Tech Sector ETF in the third quarter valued at about $63,000. CENTRAL TRUST Co purchased a new position in shares of iShares Expanded Tech Sector ETF in the fourth quarter valued at about $83,000. Finally, Synergy Asset Management LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at about $89,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA IGM opened at $108.17 on Thursday. iShares Expanded Tech Sector ETF has a 1 year low of $79.47 and a 1 year high of $108.73. The company’s 50-day moving average is $104.72 and its 200 day moving average is $99.02. The stock has a market capitalization of $5.45 billion, a P/E ratio of 7.11 and a beta of 1.53.

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).