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Ayalon Insurance Comp Ltd. purchased a new stake in shares of iShares Expanded Tech Sector ETF (NYSEARCA:IGM) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,826 shares of the exchange traded fund's stock, valued at approximately $1,999,000. Other hedge funds have also
Launched on March 13, 2001, the iShares Expanded Tech Sector ETF (IGM) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Broad segment of the equity market.
At the end of last week, 75% of S&P 500 Technology stocks closed above their 200-DMAs for the first time in 219 trading days. Even after its recent improvement, Technology is hardly exceptional compared with the rest of the market.
The iShares Expanded Tech Sector ETF offers broad tech exposure at a lower forward P/E (20.3x) than XLK, with strong forward EPS growth (29.5%). IGM's diversified holdings include communications, consumer discretionary, and non-S&P 500 North American firms, lowering its valuation versus traditional tech ETFs. GICS keeps Alphabet, Meta and Netflix out of XLK. IGM's "expanded" mandate holds them, plus gaming and social media names, and that is what pulls its valuation down.
IGM Financial TSE: IGM reported second-quarter adjusted earnings per share of C$1.41, up 32% from a year earlier, as higher average assets under management and administration, positive net flows and investment returns supported broad-based growth across its wealth and asset-management operations.
IGM Financial Inc. (IGM:CA) Q2 2026 Earnings Call Transcript
