The iShares Expanded Tech Sector ETF (IGM) experienced significant inflows of approximately $276.7 million, marking a week-over-week increase of 2.5% in outstanding units, from 65,950,000 to 67,600,000. This inflow reflects growing investor interest, with key components like KLA Corp (KLAC) rising 4.2%, while International Business Machines Corp (IBM) and Arista Networks Inc (ANET) posted changes of 1% and -0.8%, respectively.
Currently, IGM’s share price stands at $168.97, situated between its 52-week low of $112.60 and high of $171.48. The ETF’s performance is being closely monitored alongside its 200-day moving average to assess potential market movements.
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