Citadel Advisors LLC Takes $1.73 Million Position in iShares North American Tech ETF (IGM)

Citadel Advisors LLC bought a new position in iShares North American Tech ETF (NYSEARCA:IGM) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,125 shares of the exchange traded fund’s stock, valued at approximately $1,727,000. Citadel Advisors LLC owned approximately 0.14% of iShares North American Tech ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. WealthTrust Axiom LLC purchased a new position in iShares North American Tech ETF during the second quarter valued at approximately $206,000. BB&T Securities LLC grew its stake in iShares North American Tech ETF by 10.4% during the second quarter. BB&T Securities LLC now owns 7,882 shares of the exchange traded fund’s stock valued at $1,140,000 after acquiring an additional 740 shares in the last quarter. Timber Hill LLC purchased a new position in iShares North American Tech ETF during the second quarter valued at approximately $300,000. CIBC World Markets Inc. grew its stake in iShares North American Tech ETF by 122.2% during the second quarter. CIBC World Markets Inc. now owns 32,345 shares of the exchange traded fund’s stock valued at $4,678,000 after acquiring an additional 17,786 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in iShares North American Tech ETF by 1.5% during the second quarter. Wells Fargo & Company MN now owns 49,085 shares of the exchange traded fund’s stock valued at $7,099,000 after acquiring an additional 727 shares in the last quarter.

IGM has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and set a $47.00 price objective on shares of iShares North American Tech ETF in a research note on Sunday, September 17th. Scotiabank reaffirmed a “hold” rating and set a $49.00 price objective on shares of iShares North American Tech ETF in a research note on Monday, November 6th.

Shares of iShares North American Tech ETF (NYSEARCA IGM) traded up $1.04 during trading on Wednesday, reaching $166.07. 58,300 shares of the company’s stock traded hands, compared to its average volume of 30,462. iShares North American Tech ETF has a twelve month low of $121.79 and a twelve month high of $172.32.

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iShares North American Tech ETF 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).

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

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