Bessemer Group Inc. Has $123,000 Holdings in iShares Expanded Tech Sector ETF (IGM)

Bessemer Group Inc. increased its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 234.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 715 shares of the exchange traded fund’s stock after acquiring an additional 501 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Expanded Tech Sector ETF were worth $123,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Wells Fargo & Company MN lifted its holdings in shares of iShares Expanded Tech Sector ETF by 32.0% during the 3rd quarter. Wells Fargo & Company MN now owns 66,329 shares of the exchange traded fund’s stock valued at $13,888,000 after purchasing an additional 16,075 shares during the last quarter. MML Investors Services LLC acquired a new position in shares of iShares Expanded Tech Sector ETF in the third quarter worth $1,032,000. FMR LLC grew its stake in shares of iShares Expanded Tech Sector ETF by 30.9% in the third quarter. FMR LLC now owns 3,641 shares of the exchange traded fund’s stock worth $762,000 after acquiring an additional 860 shares in the last quarter. CIBC World Markets Inc. grew its stake in shares of iShares Expanded Tech Sector ETF by 13.4% in the third quarter. CIBC World Markets Inc. now owns 46,003 shares of the exchange traded fund’s stock worth $9,632,000 after acquiring an additional 5,437 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth $204,000.

Shares of iShares Expanded Tech Sector ETF stock traded down $0.08 during trading hours on Monday, hitting $214.03. The company’s stock had a trading volume of 27,226 shares, compared to its average volume of 39,434. iShares Expanded Tech Sector ETF has a 1-year low of $159.30 and a 1-year high of $214.32.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.2789 per share. This is a positive change from iShares Expanded Tech Sector ETF’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Wednesday, March 20th.

Separately, Desjardins reaffirmed a “neutral” rating and issued a $37.00 target price on shares of iShares Expanded Tech Sector ETF in a report on Tuesday, February 12th.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.baseballdailydigest.com/news/2019/04/15/bessemer-group-inc-has-123000-holdings-in-ishares-expanded-tech-sector-etf-igm.html.

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).

Further Reading: Put Option

Institutional Ownership by Quarter for iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Receive News & Ratings for iShares Expanded Tech Sector ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Expanded Tech Sector ETF and related companies with MarketBeat.com's FREE daily email newsletter.