iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Strong Trading Volume

iShares Expanded Tech Sector ETF (NYSEARCA:IGMGet Free Report) shares saw unusually-strong trading volume on Friday . Approximately 863,972 shares traded hands during trading, an increase of 202% from the previous session’s volume of 286,093 shares.The stock last traded at $89.53 and had previously closed at $88.64.

iShares Expanded Tech Sector ETF Trading Up 0.8 %

The stock has a market cap of $4.50 billion, a P/E ratio of 7.11 and a beta of 1.53. The business has a 50-day simple moving average of $85.22 and a 200 day simple moving average of $79.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Orleans Capital Management Corp LA increased its holdings in iShares Expanded Tech Sector ETF by 500.1% in the first quarter. Orleans Capital Management Corp LA now owns 4,819 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 4,016 shares in the last quarter. Atria Investments Inc grew its position in shares of iShares Expanded Tech Sector ETF by 405.2% during the 1st quarter. Atria Investments Inc now owns 24,589 shares of the exchange traded fund’s stock worth $2,119,000 after buying an additional 19,722 shares during the period. Tandem Capital Management Corp ADV bought a new stake in shares of iShares Expanded Tech Sector ETF in the 1st quarter valued at $398,000. Comerica Bank lifted its position in shares of iShares Expanded Tech Sector ETF by 247.6% during the 1st quarter. Comerica Bank now owns 9,056 shares of the exchange traded fund’s stock valued at $780,000 after acquiring an additional 6,451 shares during the period. Finally, Creekmur Asset Management LLC boosted its stake in iShares Expanded Tech Sector ETF by 468.4% during the first quarter. Creekmur Asset Management LLC now owns 9,816 shares of the exchange traded fund’s stock worth $846,000 after acquiring an additional 8,089 shares in the last quarter.

iShares Expanded Tech Sector ETF Company Profile

(Get Free Report)

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).

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