Apexium Financial LP Cuts Stock Holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Apexium Financial LP cut its position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,658 shares of the exchange traded fund’s stock after selling 2,673 shares during the period. Apexium Financial LP owned 0.10% of iShares Expanded Tech Sector ETF worth $5,172,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in iShares Expanded Tech Sector ETF in the 2nd quarter worth $2,810,000. Silver Lake Advisory LLC acquired a new position in shares of iShares Expanded Tech Sector ETF during the 2nd quarter worth about $566,000. Northeast Financial Consultants Inc lifted its stake in iShares Expanded Tech Sector ETF by 46.1% in the 2nd quarter. Northeast Financial Consultants Inc now owns 113,948 shares of the exchange traded fund’s stock valued at $10,746,000 after buying an additional 35,954 shares in the last quarter. NewEdge Advisors LLC increased its stake in iShares Expanded Tech Sector ETF by 92.3% during the 2nd quarter. NewEdge Advisors LLC now owns 87,344 shares of the exchange traded fund’s stock worth $8,237,000 after buying an additional 41,913 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of iShares Expanded Tech Sector ETF by 25.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,353 shares of the exchange traded fund’s stock valued at $1,825,000 after acquiring an additional 3,969 shares during the last quarter.

iShares Expanded Tech Sector ETF Stock Down 0.5 %

Shares of IGM opened at $106.94 on Monday. The stock has a market cap of $5.39 billion, a PE ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a 52-week low of $77.98 and a 52-week high of $107.87. The firm’s fifty day moving average is $103.40 and its two-hundred day moving average is $97.43.

iShares Expanded Tech Sector ETF 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).