Meridian Investment Counsel Inc. Sells 1,950 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Meridian Investment Counsel Inc. reduced its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,230 shares of the exchange traded fund’s stock after selling 1,950 shares during the period. iShares Expanded Tech Sector ETF makes up approximately 1.1% of Meridian Investment Counsel Inc.’s investment portfolio, making the stock its 22nd biggest position. Meridian Investment Counsel Inc. owned about 0.07% of iShares Expanded Tech Sector ETF worth $3,801,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in IGM. LPL Financial LLC raised its holdings 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 valued at $118,549,000 after acquiring an additional 265,134 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares Expanded Tech Sector ETF by 6.8% in the fourth quarter. JPMorgan Chase & Co. now owns 785,114 shares of the exchange traded fund’s stock valued at $80,152,000 after purchasing an additional 49,750 shares in the last quarter. Raymond James Financial Inc. bought a new stake in iShares Expanded Tech Sector ETF during the fourth quarter worth about $64,519,000. Gray Foundation grew its stake in iShares Expanded Tech Sector ETF by 7.1% during the fourth quarter. Gray Foundation now owns 559,116 shares of the exchange traded fund’s stock worth $57,080,000 after buying an additional 37,032 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in iShares Expanded Tech Sector ETF during the third quarter worth about $40,436,000.

iShares Expanded Tech Sector ETF Trading Down 3.0 %

Shares of NYSEARCA:IGM opened at $90.81 on Monday. The firm has a 50 day moving average of $101.01 and a 200-day moving average of $100.34. iShares Expanded Tech Sector ETF has a 12 month low of $79.68 and a 12 month high of $108.73. The stock has a market capitalization of $5.19 billion, a PE ratio of 31.39 and a beta of 1.20.

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).