Cibc World Market Inc. Sells 7,290 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Cibc World Market Inc. decreased its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 6.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,048 shares of the exchange traded fund’s stock after selling 7,290 shares during the period. Cibc World Market Inc. owned 0.22% of iShares Expanded Tech Sector ETF worth $11,541,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its holdings 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 worth $55,000 after purchasing an additional 478 shares during the period. Assetmark Inc. bought a new position in iShares Expanded Tech Sector ETF in the 3rd quarter worth about $63,000. Synergy Asset Management LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at about $89,000. Creative Financial Designs Inc. ADV boosted its position in shares of iShares Expanded Tech Sector ETF by 89.3% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,240 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 585 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of iShares Expanded Tech Sector ETF during the third quarter worth about $145,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM opened at $105.00 on Friday. iShares Expanded Tech Sector ETF has a 1-year low of $77.98 and a 1-year high of $107.87. The company has a market capitalization of $5.29 billion, a P/E ratio of 7.11 and a beta of 1.53. The firm’s 50 day simple moving average is $103.80 and its 200 day simple moving average is $97.67.

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).