iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 1-Year Low – Here’s Why

Shares of iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low during trading on Monday . The company traded as low as $98.80 and last traded at $100.67, with a volume of 4786034 shares. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Trading Up 7.2 %

The firm has a 50-day moving average of $103.23 and a two-hundred day moving average of $94.50. The firm has a market capitalization of $8.11 billion, a PE ratio of 11.37 and a beta of 1.42.

Hedge Funds Weigh In On iShares Expanded Tech-Software Sector ETF

Several hedge funds and other institutional investors have recently modified their holdings of IGV. Westwind Capital increased its position in iShares Expanded Tech-Software Sector ETF by 3,226.5% during the 3rd quarter. Westwind Capital now owns 12,807 shares of the company’s stock worth $1,145,000 after purchasing an additional 12,422 shares in the last quarter. Merkkuri Wealth Advisors LLC increased its position in shares of iShares Expanded Tech-Software Sector ETF by 37.9% in the third quarter. Merkkuri Wealth Advisors LLC now owns 3,767 shares of the company’s stock worth $337,000 after acquiring an additional 1,036 shares in the last quarter. Lyell Wealth Management LP raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 4.8% in the 3rd quarter. Lyell Wealth Management LP now owns 3,831 shares of the company’s stock valued at $342,000 after acquiring an additional 175 shares during the period. Fortitude Family Office LLC acquired a new position in shares of iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at $45,000. Finally, Farther Finance Advisors LLC boosted its position in iShares Expanded Tech-Software Sector ETF by 1,845.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,285 shares of the company’s stock worth $1,009,000 after purchasing an additional 10,705 shares during the period.

iShares Expanded Tech-Software Sector ETF Company Profile

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).