HB Wealth Management LLC Buys 3,505 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

HB Wealth Management LLC grew its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 2.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 133,620 shares of the exchange traded fund’s stock after purchasing an additional 3,505 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Expanded Tech Sector ETF were worth $13,641,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. AdvisorNet Financial Inc grew its stake in iShares Expanded Tech Sector ETF by 796.7% in the 4th quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 478 shares in the last quarter. Assetmark Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the third quarter valued at approximately $63,000. Creative Financial Designs Inc. ADV boosted its stake in shares of iShares Expanded Tech Sector ETF by 89.3% during the third quarter. Creative Financial Designs Inc. ADV now owns 1,240 shares of the exchange traded fund’s stock valued at $119,000 after purchasing an additional 585 shares in the last quarter. Centaurus Financial Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the third quarter valued at approximately $145,000. Finally, Middleton & Co. Inc. MA bought a new position in shares of iShares Expanded Tech Sector ETF during the third quarter valued at approximately $201,000.

iShares Expanded Tech Sector ETF Stock Up 1.4 %

Shares of NYSEARCA IGM traded up $1.47 during midday trading on Friday, reaching $103.92. 224,344 shares of the company’s stock traded hands, compared to its average volume of 258,377. The stock’s 50 day simple moving average is $102.90 and its 200-day simple moving average is $97.11. iShares Expanded Tech Sector ETF has a one year low of $75.66 and a one year high of $107.19. The company has a market cap of $5.24 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53.

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).