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The iShares Expanded Tech Sector ETF (IGM), launched on March 13, 2001, has accumulated over $5 billion in assets, positioning it as one of the largest ETFs focusing on the Technology – Broad segment. The fund aims to mirror the performance of the S&P North American Technology Sector Index, encompassing a wide range of North American tech and communication equities.
IGM has an annual expense ratio of 0.41% and a 12-month trailing dividend yield of 0.21%. As of August 19, 2024, the ETF has gained approximately 45.43% over the past year, with a year-to-date increase of about 24.38%. The ETF consists of around 286 holdings, with Apple Inc. leading at 8.62% of total assets.
Currently rated Zacks ETF Rank 1 (Strong Buy), IGM provides robust exposure to the technology sector, primarily with 77.70% allocation in Information Technology. Alternatives include the Technology Select Sector SPDR ETF (XLK) and the Vanguard Information Technology ETF (VGT), boasting assets of $69.81 billion and $74.80 billion, respectively.
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