iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 1-Year Low – Should You Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price reached a new 52-week low on Thursday . The stock traded as low as $98.80 and last traded at $99.83, with a volume of 4786034 shares trading hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Trading Up 2.1 %

The business’s 50-day simple moving average is $103.39 and its 200-day simple moving average is $93.04. The company has a market cap of $7.72 billion, a PE ratio of 11.37 and a beta of 1.42.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Several hedge funds and other institutional investors have recently modified their holdings of IGV. Bank of New York Mellon Corp increased its position in iShares Expanded Tech-Software Sector ETF by 62.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 11,948 shares of the company’s stock worth $1,038,000 after purchasing an additional 4,606 shares during the last quarter. Mathes Company Inc. grew its stake in shares of iShares Expanded Tech-Software Sector ETF by 2.8% in the 2nd quarter. Mathes Company Inc. now owns 67,175 shares of the company’s stock valued at $5,838,000 after buying an additional 1,800 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in iShares Expanded Tech-Software Sector ETF by 0.9% in the second quarter. Main Management ETF Advisors LLC now owns 899,955 shares of the company’s stock worth $78,206,000 after buying an additional 7,830 shares during the last quarter. Magnolia Capital Advisors LLC bought a new position in iShares Expanded Tech-Software Sector ETF during the second quarter valued at approximately $358,000. Finally, Westwind Capital lifted its stake in iShares Expanded Tech-Software Sector ETF by 3,226.5% in the third quarter. Westwind Capital now owns 12,807 shares of the company’s stock valued at $1,145,000 after acquiring an additional 12,422 shares during the last quarter.

About iShares Expanded Tech-Software Sector ETF

iShares North American Tech-Software ETF (the Fund), formerly iShares S&P North American Technology-Software Index Fund, is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P North American Technology Software Index (the Underlying Index).