iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Stock Position Reduced by Alliancebernstein L.P.

Alliancebernstein L.P. cut its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 34.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,959 shares of the exchange traded fund’s stock after selling 9,758 shares during the period. Alliancebernstein L.P.’s holdings in iShares Expanded Tech Sector ETF were worth $1,936,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IGM. LPL Financial LLC increased its position in iShares Expanded Tech Sector ETF by 29.6% in the 4th quarter. LPL Financial LLC now owns 1,161,225 shares of the exchange traded fund’s stock worth $118,549,000 after buying an additional 265,134 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares Expanded Tech Sector ETF by 6.8% during the 4th quarter. JPMorgan Chase & Co. now owns 785,114 shares of the exchange traded fund’s stock worth $80,152,000 after purchasing an additional 49,750 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at approximately $64,519,000. Gray Foundation increased its holdings in iShares Expanded Tech Sector ETF by 7.1% in the 4th quarter. Gray Foundation now owns 559,116 shares of the exchange traded fund’s stock valued at $57,080,000 after buying an additional 37,032 shares during the period. Finally, SteelPeak Wealth LLC raised its stake in shares of iShares Expanded Tech Sector ETF by 3,895.6% in the 4th 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.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA:IGM opened at $85.03 on Friday. The company has a 50-day moving average of $94.92 and a 200-day moving average of $99.36. iShares Expanded Tech Sector ETF has a 52 week low of $76.26 and a 52 week high of $108.73. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 26.51 and a beta of 1.26.

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).