Migdal Insurance & Financial Holdings Ltd. Cuts Stock Position in iShares Expanded Tech Sector ETF (NYSEARCA:IGM)

Migdal Insurance & Financial Holdings Ltd. decreased its stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,347 shares of the exchange traded fund’s stock after selling 3,656 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in iShares Expanded Tech Sector ETF were worth $2,281,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Private Wealth Management Group LLC purchased a new position in iShares Expanded Tech Sector ETF in the 4th quarter worth approximately $36,000. AdvisorNet Financial Inc increased its holdings in shares of iShares Expanded Tech Sector ETF by 796.7% in the 4th quarter. AdvisorNet Financial Inc now owns 538 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 478 shares in the last quarter. Assetmark Inc. purchased a new position in shares of iShares Expanded Tech Sector ETF in the third quarter worth $63,000. CENTRAL TRUST Co bought a new position in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at $83,000. Finally, Synergy Asset Management LLC purchased a new stake in shares of iShares Expanded Tech Sector ETF during the fourth quarter valued at $89,000.

iShares Expanded Tech Sector ETF Stock Performance

NYSEARCA IGM opened at $106.33 on Friday. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 7.11 and a beta of 1.53. The stock has a 50-day moving average of $104.05 and a 200 day moving average of $97.93. iShares Expanded Tech Sector ETF has a one year low of $79.47 and a one year high of $107.87.

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).