Miracle Mile Advisors LLC Has $841,000 Position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Miracle Mile Advisors LLC raised its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 499.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,760 shares of the exchange traded fund’s stock after purchasing an additional 8,133 shares during the quarter. Miracle Mile Advisors LLC owned 0.12% of iShares Expanded Tech Sector ETF worth $841,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF in the 4th quarter valued at $29,000. Fortis Group Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter valued at $26,000. Northwest Financial Advisors acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $40,000. Montag A & Associates Inc. boosted its holdings in shares of iShares Expanded Tech Sector ETF by 12.8% during the 4th quarter. Montag A & Associates Inc. now owns 211 shares of the exchange traded fund’s stock valued at $95,000 after acquiring an additional 24 shares in the last quarter. Finally, Garde Capital Inc. acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 4th quarter valued at $105,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of NYSEARCA IGM traded up $0.62 during mid-day trading on Monday, hitting $94.93. 246,029 shares of the stock traded hands, compared to its average volume of 290,152. iShares Expanded Tech Sector ETF has a twelve month low of $60.65 and a twelve month high of $95.97. The company has a market cap of $4.78 billion, a PE ratio of 7.11 and a beta of 1.53. The firm has a 50 day simple moving average of $88.57 and a two-hundred day simple moving average of $83.66.

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).