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

iShares Expanded Tech Sector ETF (NYSEARCA:IGM) saw unusually-high trading volume on Wednesday . Approximately 462,334 shares were traded 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 stock has a market capitalization of $648.16 million, a PE ratio of 32.18 and a beta of 1.18. The business’s fifty day moving average price is $84.81 and its 200-day moving average price is $75.91.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IGM. JPMorgan Chase & Co. grew its position in iShares Expanded Tech Sector ETF by 154.3% during the first quarter. JPMorgan Chase & Co. now owns 37,057 shares of the exchange traded fund’s stock valued at $14,402,000 after acquiring an additional 22,482 shares during the last quarter. Bank of New York Mellon Corp grew its position in iShares Expanded Tech Sector ETF by 12.5% during the first quarter. Bank of New York Mellon Corp now owns 7,836 shares of the exchange traded fund’s stock valued at $3,045,000 after acquiring an additional 870 shares during the last quarter. Cetera Investment Advisers grew its position in iShares Expanded Tech Sector ETF by 422.2% during the first quarter. Cetera Investment Advisers now owns 4,125 shares of the exchange traded fund’s stock valued at $1,603,000 after acquiring an additional 3,335 shares during the last quarter. Dakota Wealth Management grew its position in iShares Expanded Tech Sector ETF by 11.0% during the first quarter. Dakota Wealth Management now owns 555 shares of the exchange traded fund’s stock valued at $216,000 after acquiring an additional 55 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in iShares Expanded Tech Sector ETF by 95.0% during the first quarter. NewEdge Advisors LLC now owns 20,675 shares of the exchange traded fund’s stock valued at $8,035,000 after acquiring an additional 10,074 shares during the last quarter.

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).