Webster Bank N. A. Reduces Position in iShares North American Tech ETF (NYSEARCA:IGM)

Webster Bank N. A. reduced its holdings in iShares North American Tech ETF (NYSEARCA:IGM) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,431 shares of the exchange traded fund’s stock after selling 100 shares during the period. Webster Bank N. A. owned about 0.07% of iShares North American Tech ETF worth $1,171,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hudson Valley Investment Advisors Inc. ADV purchased a new stake in shares of iShares North American Tech ETF in the 1st quarter valued at $206,000. Carnick & Kubik Group LLC boosted its holdings in shares of iShares North American Tech ETF by 6.7% in the 1st quarter. Carnick & Kubik Group LLC now owns 8,426 shares of the exchange traded fund’s stock valued at $1,738,000 after acquiring an additional 526 shares during the last quarter. GWM Advisors LLC boosted its holdings in shares of iShares North American Tech ETF by 31.6% in the 1st quarter. GWM Advisors LLC now owns 6,209 shares of the exchange traded fund’s stock valued at $1,280,000 after acquiring an additional 1,490 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of iShares North American Tech ETF by 79.9% in the 1st quarter. Bank of Montreal Can now owns 11,381 shares of the exchange traded fund’s stock valued at $2,347,000 after acquiring an additional 5,053 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of iShares North American Tech ETF by 11.3% in the 1st quarter. Advisor Group Inc. now owns 5,446 shares of the exchange traded fund’s stock valued at $1,123,000 after acquiring an additional 554 shares during the last quarter.

NYSEARCA:IGM traded down $2.52 during trading hours on Friday, reaching $219.07. 374 shares of the company were exchanged, compared to its average volume of 40,825. The stock has a 50-day moving average of $220.23. iShares North American Tech ETF has a twelve month low of $159.30 and a twelve month high of $228.80.

Separately, Scotiabank reaffirmed a “hold” rating and issued a $39.00 price objective on shares of iShares North American Tech ETF in a report on Thursday, April 25th.

About iShares North American Tech 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).

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Institutional Ownership by Quarter for iShares North American Tech ETF (NYSEARCA:IGM)

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