Concurrent Investment Advisors LLC Raises Position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Concurrent Investment Advisors LLC lifted its stake in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 49.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,958 shares of the exchange traded fund’s stock after purchasing an additional 1,982 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Expanded Tech Sector ETF were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of 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 worth $70,551,000 after acquiring an additional 88,089 shares during the period. Jane Street Group LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 86.1% in the third quarter. Jane Street Group LLC now owns 9,600 shares of the exchange traded fund’s stock worth $921,000 after acquiring an additional 4,442 shares during the period. AdvisorNet Financial Inc grew its stake in shares of iShares Expanded Tech Sector ETF by 796.7% in the fourth quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock worth $55,000 after acquiring an additional 478 shares during the period. Park Avenue Securities LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 68.3% in the fourth quarter. Park Avenue Securities LLC now owns 6,800 shares of the exchange traded fund’s stock worth $694,000 after acquiring an additional 2,760 shares during the period. Finally, FMR LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 8.8% in the third quarter. FMR LLC now owns 31,272 shares of the exchange traded fund’s stock worth $3,000,000 after acquiring an additional 2,519 shares during the period.

iShares Expanded Tech Sector ETF Stock Down 2.8 %

Shares of IGM stock opened at $104.41 on Monday. The company has a 50 day moving average price of $104.80 and a 200-day moving average price of $99.49. The firm has a market capitalization of $5.26 billion, a PE ratio of 7.11 and a beta of 1.53. iShares Expanded Tech Sector ETF has a 52 week low of $79.68 and a 52 week high of $108.73.

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).