Migdal Insurance & Financial Holdings Ltd. Trims Stake in iShares Expanded Tech Sector ETF $IGM

Migdal Insurance & Financial Holdings Ltd. lowered its holdings in iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 11.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,617 shares of the exchange traded fund’s stock after selling 3,981 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares Expanded Tech Sector ETF were worth $3,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. FAS Wealth Partners Inc. bought a new position in shares of iShares Expanded Tech Sector ETF during the 2nd quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in shares of iShares Expanded Tech Sector ETF during the second quarter valued at about $28,000. Avion Wealth increased its stake in iShares Expanded Tech Sector ETF by 47.6% in the 3rd quarter. Avion Wealth now owns 310 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 100 shares during the period. Root Financial Partners LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF during the third quarter worth about $39,000. Finally, Capital Advisors Ltd. LLC purchased a new position in shares of iShares Expanded Tech Sector ETF during the second quarter valued at approximately $37,000.

iShares Expanded Tech Sector ETF Stock Performance

iShares Expanded Tech Sector ETF stock opened at $127.12 on Wednesday. The stock has a market cap of $8.74 billion, a price-to-earnings ratio of 34.08 and a beta of 1.27. The stock’s 50 day simple moving average is $129.62 and its two-hundred day simple moving average is $124.67. iShares Expanded Tech Sector ETF has a fifty-two week low of $76.26 and a fifty-two week high of $135.81.

About iShares Expanded Tech Sector ETF

iShares North American Tech ETF, formerly iShares S&P North American Technology Sector Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance, of the United States-traded technology companies, as represented by the S&P North American Technology Sector Index (the Index). The Index has been developed as an equity benchmark for the United States-traded, technology-related stocks. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Index.