iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Large Volume Increase – Should You Buy?

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) shares saw strong trading volume on Monday . 582,650 shares traded hands during mid-day trading, an increase of 85% from the previous session’s volume of 314,740 shares.The stock last traded at $89.46 and had previously closed at $90.81.

iShares Expanded Tech Sector ETF Trading Up 1.0 %

The stock has a market cap of $5.24 billion, a P/E ratio of 31.39 and a beta of 1.20. The company has a 50 day simple moving average of $100.47 and a 200 day simple moving average of $100.32.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new position in iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $64,519,000. Wellington Management Group LLP acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 3rd quarter valued at approximately $40,436,000. SteelPeak Wealth LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 3,895.6% in the fourth quarter. SteelPeak Wealth LLC now owns 379,180 shares of the exchange traded fund’s stock valued at $38,710,000 after buying an additional 369,690 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 29.6% in the fourth quarter. LPL Financial LLC now owns 1,161,225 shares of the exchange traded fund’s stock valued at $118,549,000 after buying an additional 265,134 shares in the last quarter. Finally, Allworth Financial LP raised its position in iShares Expanded Tech Sector ETF by 81,664.1% during the fourth quarter. Allworth Financial LP now owns 252,651 shares of the exchange traded fund’s stock worth $27,046,000 after acquiring an additional 252,342 shares in the last quarter.

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).