iShares Expanded Tech Sector ETF (IGM) Rating Reiterated by Desjardins

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iShares Expanded Tech Sector ETF (NYSEARCA:IGM)‘s stock had its “neutral” rating reissued by research analysts at Desjardins in a report issued on Tuesday. They presently have a $37.00 target price on the exchange traded fund’s stock. Desjardins’ target price would indicate a potential downside of 81.01% from the stock’s current price.

Shares of NYSEARCA:IGM opened at $194.89 on Tuesday. iShares Expanded Tech Sector ETF has a 1-year low of $159.30 and a 1-year high of $211.58.

Large investors have recently modified their holdings of the stock. FMR LLC lifted its position in shares of iShares Expanded Tech Sector ETF by 30.9% in the 3rd quarter. FMR LLC now owns 3,641 shares of the exchange traded fund’s stock valued at $762,000 after acquiring an additional 860 shares in the last quarter. Carnick & Kubik Group LLC lifted its position in shares of iShares Expanded Tech Sector ETF by 5.7% in the 3rd quarter. Carnick & Kubik Group LLC now owns 7,877 shares of the exchange traded fund’s stock valued at $1,649,000 after acquiring an additional 425 shares in the last quarter. Signature Estate & Investment Advisors LLC lifted its position in shares of iShares Expanded Tech Sector ETF by 2.0% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 188,766 shares of the exchange traded fund’s stock valued at $39,524,000 after acquiring an additional 3,705 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of iShares Expanded Tech Sector ETF by 69.9% in the 3rd quarter. Citadel Advisors LLC now owns 26,018 shares of the exchange traded fund’s stock valued at $5,448,000 after acquiring an additional 10,703 shares in the last quarter. Finally, GWM Advisors LLC lifted its position in shares of iShares Expanded Tech Sector ETF by 236.2% in the 3rd quarter. GWM Advisors LLC now owns 3,547 shares of the exchange traded fund’s stock valued at $743,000 after acquiring an additional 2,492 shares in 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).

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