iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 12-Month Low – What’s Next?

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares reached a new 52-week low on Monday . The company traded as low as $92.28 and last traded at $92.31, with a volume of 2344620 shares. The stock had previously closed at $92.20.

iShares Expanded Tech-Software Sector ETF Stock Performance

The stock has a market capitalization of $7.17 billion, a P/E ratio of 11.37 and a beta of 1.42. The business has a 50 day simple moving average of $88.54 and a 200-day simple moving average of $84.93.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in iShares Expanded Tech-Software Sector ETF by 142.7% in the 1st quarter. BNP Paribas Financial Markets now owns 1,172,272 shares of the company’s stock valued at $99,960,000 after acquiring an additional 689,256 shares during the last quarter. L & S Advisors Inc acquired a new stake in iShares Expanded Tech-Software Sector ETF during the second quarter valued at approximately $12,489,000. Noesis Capital Mangement Corp boosted its holdings in iShares Expanded Tech-Software Sector ETF by 396.5% during the first quarter. Noesis Capital Mangement Corp now owns 137,195 shares of the company’s stock worth $11,699,000 after buying an additional 109,560 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of iShares Expanded Tech-Software Sector ETF by 331.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 99,478 shares of the company’s stock valued at $8,483,000 after acquiring an additional 76,398 shares during the last quarter. Finally, Mathes Company Inc. boosted its stake in shares of iShares Expanded Tech-Software Sector ETF by 419.1% during the 1st quarter. Mathes Company Inc. now owns 65,375 shares of the company’s stock worth $5,575,000 after acquiring an additional 52,780 shares in 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).