First Republic Investment Management Inc. lowered its position in shares of iShares North American Tech ETF (NYSEARCA:IGM) by 9.0% in the first quarter, HoldingsChannel reports. The firm owned 3,103 shares of the exchange traded fund’s stock after selling 306 shares during the period. First Republic Investment Management Inc.’s holdings in iShares North American Tech ETF were worth $640,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in IGM. Deutsche Bank AG acquired a new stake in shares of iShares North American Tech ETF during the 4th quarter worth about $27,644,000. Bank of America Corp DE increased its position in shares of iShares North American Tech ETF by 21.2% during the 4th quarter. Bank of America Corp DE now owns 457,700 shares of the exchange traded fund’s stock worth $78,592,000 after purchasing an additional 79,931 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of iShares North American Tech ETF by 1,130.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 31,787 shares of the exchange traded fund’s stock worth $5,458,000 after purchasing an additional 29,204 shares in the last quarter. Graves Light Private Wealth Management Inc. acquired a new stake in shares of iShares North American Tech ETF during the 4th quarter worth about $2,409,000. Finally, Howe & Rusling Inc. acquired a new stake in shares of iShares North American Tech ETF during the 1st quarter worth about $2,659,000.

IGM has been the subject of a number of recent analyst reports. Scotiabank reiterated a “hold” rating and set a $39.00 target price on shares of iShares North American Tech ETF in a research report on Thursday, April 25th. Desjardins reiterated a “neutral” rating and set a $37.00 target price on shares of iShares North American Tech ETF in a research report on Tuesday, February 12th.

Shares of iShares North American Tech ETF stock opened at $210.69 on Thursday. iShares North American Tech ETF has a 12-month low of $159.30 and a 12-month high of $221.51.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Marea Informative and is owned by of Marea Informative. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.mareainformativa.com/news/2019/05/16/ishares-north-american-tech-etf-igm-position-lessened-by-first-republic-investment-management-inc.html.

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).

Further Reading: Gap Up Stocks

Want to see what other hedge funds are holding IGM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares North American Tech ETF (NYSEARCA:IGM).

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

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