Migdal Insurance & Financial Holdings Ltd. Purchases New Holdings in iShares Expanded Tech Sector ETF $IGM

Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) during the third quarter, Holdings Channel.com reports. The firm purchased 20,305 shares of the exchange traded fund’s stock, valued at approximately $3,432,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of IGM. WestEnd Advisors LLC acquired a new stake in shares of iShares Expanded Tech Sector ETF during the 3rd quarter worth approximately $119,706,000. Commonwealth Equity Services LLC bought a new stake in shares of iShares Expanded Tech Sector ETF in the 3rd quarter valued at $81,230,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of iShares Expanded Tech Sector ETF in the 3rd quarter valued at $60,391,000. Lido Advisors LLC bought a new stake in shares of iShares Expanded Tech Sector ETF in the 3rd quarter valued at $38,725,000. Finally, Allworth Financial LP lifted its position in shares of iShares Expanded Tech Sector ETF by 0.4% during the 3rd quarter. Allworth Financial LP now owns 226,725 shares of the exchange traded fund’s stock valued at $37,088,000 after acquiring an additional 900 shares during the period.

iShares Expanded Tech Sector ETF Price Performance

Shares of iShares Expanded Tech Sector ETF stock traded down $2.82 during trading on Friday, reaching $148.33. 584,383 shares of the company traded hands, compared to its average volume of 575,061. iShares Expanded Tech Sector ETF has a 1-year low of $112.60 and a 1-year high of $175.16. The company has a 50 day moving average price of $161.52 and a 200-day moving average price of $149.12. The firm has a market capitalization of $10.05 billion, a PE ratio of 26.01 and a beta of 1.43.

iShares Expanded Tech Sector ETF Profile

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.