iShares Expanded Tech Sector ETF (IGM) Stock Analysis — Latest Investor Quotes & Trade Calls

Accumulating IGM ETF on Technical Grounds

-4.59%current return

"I've been adding to IGM here at 117 in September. We're at 133. If you look at a long-term chart of this, again, this is where technical and fundamental comes into play because if you just put a trend line, let's just go and put a trend line here in October of 2022. And and you just need to cross at least three. The more lines you cross, the more justification you have. This one hasn't come back to the trend line. It's bumping right up there. Maybe it's an opportunity again."

The speaker discusses his strategy of accumulating the IGM ETF, noting that his purchase price was around 117 and it is now at 133. He explains that multiple trend line tests since October 2022 support the ETF's strength, suggesting there may be further upside opportunity.

IGM ETF Showing Strong Performance vs. NASDAQ

"So, the first one is the EyesShares Expanded Tech Sector ETF, IGM. It's a bit of a mouthful and this one I think would actually really surprise people because the the NASDAQ or QQQ has uh today about 101 stocks in it. Um and this one has more than 200. It's I think it's 260ome stocks in it. So you'd think with a broader basket like that you're going to be diluted. It's not going to be doing as well. And yet the way that these ETFs are constructed matters a lot. And the way that the waitings are arranged inside the ETFs matters a lot. And so it would surprise you to find out that this one's actually beating the NASDAQ right now. So since the start of the year, it's up roughly 26%. Whereas the NASDAQ right now is up around 19%. Those are phenomenal returns in any year, but like I'd rather have the 26% if I could. And I still know that the names in there are good."

The speaker highlights the EyesShares Expanded Tech Sector ETF (IGM) and emphasizes its strong performance, noting that despite having a broader basket of stocks compared to the NASDAQ, it is delivering a 26% year-to-date return versus 19% for the NASDAQ, suggesting attractive construction and stock quality.