SteelPeak Wealth LLC Purchases 369,690 Shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

SteelPeak Wealth LLC increased its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 3,895.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 379,180 shares of the exchange traded fund’s stock after acquiring an additional 369,690 shares during the period. iShares Expanded Tech Sector ETF comprises approximately 1.6% of SteelPeak Wealth LLC’s portfolio, making the stock its 14th biggest holding. SteelPeak Wealth LLC’s holdings in iShares Expanded Tech Sector ETF were worth $38,710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IGM. Bank of Montreal Can boosted its stake in iShares Expanded Tech Sector ETF by 64.7% in the third quarter. Bank of Montreal Can now owns 1,199,146 shares of the exchange traded fund’s stock valued at $114,662,000 after acquiring an additional 471,204 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of iShares Expanded Tech Sector ETF in the 3rd quarter worth approximately $40,436,000. JPMorgan Chase & Co. lifted its stake in iShares Expanded Tech Sector ETF by 13.6% in the third quarter. JPMorgan Chase & Co. now owns 735,364 shares of the exchange traded fund’s stock valued at $70,551,000 after purchasing an additional 88,089 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its holdings in iShares Expanded Tech Sector ETF by 4.0% during the third quarter. Signature Estate & Investment Advisors LLC now owns 1,855,115 shares of the exchange traded fund’s stock valued at $177,980,000 after purchasing an additional 71,852 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in iShares Expanded Tech Sector ETF during the third quarter valued at $6,304,000.

iShares Expanded Tech Sector ETF Price Performance

Shares of IGM opened at $104.93 on Wednesday. iShares Expanded Tech Sector ETF has a 1 year low of $77.98 and a 1 year high of $107.87. The stock’s fifty day moving average price is $103.46 and its two-hundred day moving average price is $97.47. The firm has a market cap of $5.29 billion, a PE ratio of 7.11 and a beta of 1.53.

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).