iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 12-Month Low – Here’s Why

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $104.38 and last traded at $104.87, with a volume of 5670794 shares changing hands. The stock had previously closed at $104.76.

iShares Expanded Tech-Software Sector ETF Stock Performance

The business’s 50 day moving average is $95.49 and its 200-day moving average is $88.35. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IGV. Lyell Wealth Management LP grew its position in 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 worth $342,000 after purchasing an additional 175 shares during the last quarter. Global Financial Private Client LLC grew its position in iShares Expanded Tech-Software Sector ETF by 1.6% in the 2nd quarter. Global Financial Private Client LLC now owns 12,753 shares of the company’s stock worth $1,108,000 after purchasing an additional 197 shares during the last quarter. Morse Asset Management Inc acquired a new stake in iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth $25,000. Whittier Trust Co. acquired a new stake in iShares Expanded Tech-Software Sector ETF in the 2nd quarter worth $28,000. Finally, Valley Wealth Managers Inc. grew its position in iShares Expanded Tech-Software Sector ETF by 1.2% in the 3rd quarter. Valley Wealth Managers Inc. now owns 40,783 shares of the company’s stock worth $3,645,000 after purchasing an additional 465 shares during the last quarter.

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).