Streetbeat News

IGM

iShares Expanded Tech Sector ETF

https://www.ishares.com/us/products/239769/ishares-north-american-tech-etf

Industry

Asset Management

The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. A significant portion of the underlying index is represented by securities of companies in the technology industry or sector. It is non-diversified.

Open

100.79

Mkt cap

777M

Volume

139K

High

101.05

P/E Ratio

8.42

52-wk high

102.61

Low

100.39

Div yield

0.00

52-wk low

69.16

IGM Biosciences released its Q3 2024 financial results and provided a corporate update. The company is continuing trials for Imvotamab in rheumatoid arthritis, systemic lupus erythematosus, and myositis, with initial clinical data expected by mid-2025.

Portfolio Pulse from

November 08, 2024 | 12:15 pm

The IMF warns that while AI can enhance market efficiency, it also poses risks of increased volatility and cyber threats. AI-driven trading, especially in equities and bonds, could lead to market instability. The IMF suggests enhancing regulation and supervision of AI-related activities.

Portfolio Pulse from Pooja Rajkumari

October 16, 2024 | 7:56 am

U.S. auto safety regulators are investigating Alphabet Inc's Waymo self-driving vehicles for potential traffic safety law violations after 22 incidents, including 17 collisions. The National Highway Traffic Safety Administration (NHTSA) is examining Waymo's 5th Generation automated driving system's performance in detecting and responding to traffic control devices. This investigation also includes other companies like GM's Cruise and Amazon's Zoox. Waymo has recalled 444 vehicles due to software errors in February and is cooperating with NHTSA.

Portfolio Pulse from Shivani Kumaresan

May 14, 2024 | 2:28 pm

April saw a downturn in major US stock indices with the S&P 500, Nasdaq 100, and Dow Jones all reporting declines. Utilities and miners were the bright spots, with specific ETFs and companies like NextEra Energy and Newmont Corp showing gains. The market faced challenges from inflation surprises and geopolitical tensions, impacting sector performances variably. The utilities sector led with a 2.1% increase, while real estate lagged due to interest rate sensitivity.

Portfolio Pulse from Piero Cingari

April 30, 2024 | 8:39 pm

Numerous companies are scheduled to report their earnings on February 15, 2024, covering a wide range of industries from technology to energy, and including both earnings and losses. Key companies reporting include Cognex, Cenovus Energy, Wendy's, Agios Pharmaceuticals, Appian, and many others, with expectations of both profits and losses.

Portfolio Pulse from Benzinga Insights

February 15, 2024 | 10:17 am

A screening of mid-cap ETFs revealed that iShares Expanded Tech Sector ETF (IGM) and iShares Russell Top 200 Growth ETF (IWY) had the largest positive returns over the trailing week, while Vanguard Extended Duration Treasury ETF (EDV) and VanEck Oil Services ETF (OIH) had the largest negative returns. IGM and IWY are up 2.68% and 2.34% respectively, while EDV and OIH are down 6.17% and 5.78% respectively.

Portfolio Pulse from Johnny Rice

October 10, 2023 | 8:59 pm

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