iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Reaches New 1-Year High – Time to Buy?

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) reached a new 52-week high on Wednesday . The company traded as high as $107.20 and last traded at $107.06, with a volume of 87855 shares. The stock had previously closed at $104.95.

iShares Expanded Tech Sector ETF Price Performance

The firm has a 50 day moving average price of $103.23 and a 200-day moving average price of $97.37. The firm has a market cap of $5.39 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

Hedge Funds Weigh In On iShares Expanded Tech Sector ETF

Several large investors have recently bought and sold shares of IGM. Hazlett Burt & Watson Inc. increased its stake in shares of iShares Expanded Tech Sector ETF by 1.1% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 9,718 shares of the exchange traded fund’s stock valued at $933,000 after acquiring an additional 102 shares during the last quarter. Consolidated Portfolio Review Corp boosted its position in shares of iShares Expanded Tech Sector ETF by 4.0% during the third quarter. Consolidated Portfolio Review Corp now owns 3,153 shares of the exchange traded fund’s stock worth $302,000 after purchasing an additional 121 shares in the last quarter. Independent Advisor Alliance grew its holdings in shares of iShares Expanded Tech Sector ETF by 5.2% in the 3rd quarter. Independent Advisor Alliance now owns 3,307 shares of the exchange traded fund’s stock valued at $317,000 after buying an additional 162 shares during the period. Schmidt P J Investment Management Inc. increased its position in shares of iShares Expanded Tech Sector ETF by 2.9% in the 3rd quarter. Schmidt P J Investment Management Inc. now owns 6,920 shares of the exchange traded fund’s stock valued at $664,000 after buying an additional 194 shares in the last quarter. Finally, Cypress Wealth Services LLC raised its stake in iShares Expanded Tech Sector ETF by 2.9% during the 3rd quarter. Cypress Wealth Services LLC now owns 7,759 shares of the exchange traded fund’s stock worth $744,000 after buying an additional 216 shares during the period.

iShares Expanded Tech Sector ETF Company 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).