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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $98.80 and last traded at $102.01, with a volume of 4786034 shares changing hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Up 6.2 %

The firm has a market capitalization of $8.04 billion, a PE ratio of 11.37 and a beta of 1.42. The stock’s fifty day simple moving average is $103.39 and its 200 day simple moving average is $94.05.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lyell Wealth Management LP lifted its holdings 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 in the last quarter. Morse Asset Management Inc purchased a new stake in iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at approximately $25,000. Rosenberg Matthew Hamilton bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at approximately $32,000. Ulland Investment Advisors LLC lifted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 4.0% in the fourth quarter. Ulland Investment Advisors LLC now owns 11,677 shares of the company’s stock worth $1,169,000 after buying an additional 445 shares in the last quarter. Finally, Valley Wealth Managers Inc. boosted its position in shares of iShares Expanded Tech-Software Sector ETF by 1.2% during the third quarter. Valley Wealth Managers Inc. now owns 40,783 shares of the company’s stock worth $3,645,000 after acquiring 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).