Migdal Insurance & Financial Holdings Ltd. Buys 82,215 Shares of iShares U.S. Technology ETF $IYW

Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of iShares U.S. Technology ETF (NYSEARCA:IYW) during the 3rd quarter, Holdings Channel.com reports. The fund bought 82,215 shares of the exchange traded fund’s stock, valued at approximately $21,779,000.

A number of other institutional investors and hedge funds have also made changes to their positions in IYW. Ibex Wealth Advisors raised its position in shares of iShares U.S. Technology ETF by 36.8% in the 3rd quarter. Ibex Wealth Advisors now owns 8,525 shares of the exchange traded fund’s stock worth $2,258,000 after acquiring an additional 2,291 shares in the last quarter. Condor Capital Management purchased a new stake in shares of iShares U.S. Technology ETF during the 3rd quarter worth $3,391,000. Diversified Trust Co bought a new stake in iShares U.S. Technology ETF during the third quarter valued at about $851,000. Moors & Cabot Inc. bought a new stake in iShares U.S. Technology ETF during the third quarter valued at about $1,979,000. Finally, Valmark Advisers Inc. bought a new stake in iShares U.S. Technology ETF during the third quarter valued at about $7,251,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.

iShares U.S. Technology ETF Stock Performance

IYW traded down $3.11 on Friday, hitting $232.18. The company had a trading volume of 497,509 shares, compared to its average volume of 1,063,707. The stock has a fifty day moving average price of $253.99 and a 200-day moving average price of $231.07. iShares U.S. Technology ETF has a 12-month low of $172.54 and a 12-month high of $274.44. The stock has a market capitalization of $23.19 billion, a price-to-earnings ratio of 26.89 and a beta of 1.37.

About iShares U.S. Technology ETF

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.