Migdal Insurance & Financial Holdings Ltd. Increases Stock Position in iShares U.S. Technology ETF $IYW

Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) by 87.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,536 shares of the exchange traded fund’s stock after buying an additional 37,545 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares U.S. Technology ETF were worth $15,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Occidental Asset Management LLC increased its stake in iShares U.S. Technology ETF by 1.2% during the third quarter. Occidental Asset Management LLC now owns 4,860 shares of the exchange traded fund’s stock worth $952,000 after acquiring an additional 56 shares during the last quarter. Tsfg LLC increased its position in iShares U.S. Technology ETF by 35.4% during the 2nd quarter. Tsfg LLC now owns 222 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 58 shares in the last quarter. Greenleaf Trust increased its position in iShares U.S. Technology ETF by 1.0% during the 3rd quarter. Greenleaf Trust now owns 5,715 shares of the exchange traded fund’s stock worth $1,119,000 after purchasing an additional 58 shares in the last quarter. Hoey Investments Inc. raised its holdings in iShares U.S. Technology ETF by 31.6% in the second quarter. Hoey Investments Inc. now owns 250 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 60 shares during the period. Finally, Montag A & Associates Inc. lifted its position in iShares U.S. Technology ETF by 1.0% during the second quarter. Montag A & Associates Inc. now owns 5,898 shares of the exchange traded fund’s stock valued at $1,022,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 57.65% of the company’s stock.

iShares U.S. Technology ETF Stock Down 2.6%

IYW opened at $194.71 on Wednesday. iShares U.S. Technology ETF has a 52-week low of $117.55 and a 52-week high of $211.98. The company has a 50 day moving average of $199.40 and a two-hundred day moving average of $192.78. The company has a market cap of $20.37 billion, a P/E ratio of 34.95 and a beta of 1.23.

iShares U.S. Technology ETF Profile

iShares U.S. Technology ETF, formerly iShares Dow Jones U.S. Technology Sector Index Fund (the Fund) is a non-diversified fund. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Technology Index (the Index). The Index measures the performance of the technology sector of the United States equity market, and includes companies in the industry groups, such as software and computer services and technology hardware and equipment.