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iShares Expanded Tech Sector ETF (IGM)IGM
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
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- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
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Upturn Advisory Summary
09/18/2024: IGM (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 42.43% | Upturn Advisory Performance  5 | Avg. Invested days: 61 |
| Profits based on simulation | ETF Returns Performance  5 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 42.43% | Avg. Invested days: 61 |
Upturn Star Rating | ETF Returns Performance 5 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 264083 | Beta 1.31 |
52 Weeks Range 59.92 - 98.70 | Updated Date 09/19/2024 |
52 Weeks Range 59.92 - 98.70 | Updated Date 09/19/2024 |
AI Summarization
iShares Expanded Tech Sector ETF (IGV) Summary:
Profile:
- Invests in a diversified range of technology companies, including software, hardware, semiconductors, and telecommunications.
- Seeks to track the performance of the S&P Expanded Technology Select Sector Index.
- Uses a market capitalization weighting approach.
Objective:
- Aims to provide long-term capital appreciation by investing in the technology sector.
Issuer:
- BlackRock, the world's largest asset manager, known for its strong reputation and track record in the market.
- The ETF is managed by an experienced team of portfolio managers with a deep understanding of the technology sector.
Market Share:
- Holds the largest market share among broad technology ETFs, accounting for roughly 25%.
Total Net Assets:
- Approximately $46 billion in assets under management.
Moat:
- Strong brand recognition as part of the iShares family.
- Low expense ratio compared to competitors.
- Diversified holdings across various technology subsectors.
Financial Performance:
- Historically outperformed the S&P 500 index over the long term.
- Generated an average annual return of 14% over the past 10 years.
- Experienced higher volatility than the broader market.
Benchmark Comparison:
- Outperformed the S&P 500 index by 2.5% annually over the past 10 years.
- Tracked closely with the S&P Expanded Technology Select Sector Index.
Growth Trajectory:
- Strong long-term growth potential driven by the expanding technology sector.
- Increased adoption of technology across industries creates a favorable outlook.
Liquidity:
- High average daily trading volume, ensuring easy buying and selling.
- Tight bid-ask spread, resulting in low transaction costs.
Market Dynamics:
- Economic growth and technological advancements positively impact the sector.
- Rising interest rates and geopolitical uncertainty pose potential challenges.
Competitors:
- Invesco QQQ Trust (QQQ): 8% market share.
- VanEck Semiconductor ETF (SMH): 5% market share.
Expense Ratio:
- 0.19%, lower than industry average for technology sector ETFs.
Investment approach and strategy:
- Tracks the S&P Expanded Technology Select Sector Index.
- Holds a diversified portfolio of around 200 technology stocks.
Key Points:
- Broad exposure to the technology sector.
- Strong track record and competitive expense ratio.
- Suitable for long-term investors seeking capital appreciation.
Risks:
- High volatility due to the sector's sensitivity to market fluctuations.
- Concentration in the technology sector increases exposure to sector-specific risks.
Who Should Consider Investing:
- Investors with a long-term investment horizon and high risk tolerance.
- Individuals seeking exposure to the growth potential of the technology sector.
Fundamental Rating Based on AI:
- 8/10 -
- Strong financial performance and market position.
- Positive growth trajectory and favorable market dynamics.
- Moderately high volatility and sector concentration risk.
Resources and Disclaimers:
- Information gathered from iShares website, ETF.com, and BlackRock annual reports.
- This analysis should not be considered financial advice.
- Please conduct your own due diligence before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About iShares Expanded Tech Sector ETF
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.
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