iShares Expanded Tech Sector ETF (NYSEARCA:IGM) Sees Unusually-High Trading Volume

Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw unusually-high trading volume on Wednesday . Approximately 462,334 shares changed hands during mid-day trading, an increase of 106% from the previous session’s volume of 223,900 shares.The stock last traded at $83.20 and had previously closed at $83.84.

iShares Expanded Tech Sector ETF Price Performance

The firm has a market cap of $648.16 million, a P/E ratio of 32.18 and a beta of 1.18. The company’s 50 day moving average is $84.81 and its two-hundred day moving average is $75.91.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. raised its holdings in shares of iShares Expanded Tech Sector ETF by 500.0% during the first quarter. Westside Investment Management Inc. now owns 2,832 shares of the exchange traded fund’s stock worth $244,000 after acquiring an additional 2,360 shares during the period. Saxon Interests Inc. increased its stake in iShares Expanded Tech Sector ETF by 496.7% in the 1st quarter. Saxon Interests Inc. now owns 5,382 shares of the exchange traded fund’s stock valued at $464,000 after buying an additional 4,480 shares during the last quarter. Miracle Mile Advisors LLC increased its stake in iShares Expanded Tech Sector ETF by 499.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,760 shares of the exchange traded fund’s stock valued at $841,000 after buying an additional 8,133 shares during the last quarter. Hubbell Strickland Wealth Management LLC increased its stake in iShares Expanded Tech Sector ETF by 500.3% in the 1st quarter. Hubbell Strickland Wealth Management LLC now owns 3,932 shares of the exchange traded fund’s stock valued at $339,000 after buying an additional 3,277 shares during the last quarter. Finally, Clarity Wealth Advisors LLC increased its stake in iShares Expanded Tech Sector ETF by 496.8% in the 1st quarter. Clarity Wealth Advisors LLC now owns 27,166 shares of the exchange traded fund’s stock valued at $2,341,000 after buying an additional 22,614 shares during the last quarter.

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).