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 hit a new 52-week low during mid-day trading on Monday . The company traded as low as $101.99 and last traded at $103.55, with a volume of 11507121 shares traded. The stock had previously closed at $101.24.

iShares Expanded Tech-Software Sector ETF Trading Up 0.3 %

The company has a 50 day moving average of $90.96 and a 200 day moving average of $86.25. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of 11.37 and a beta of 1.42.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. acquired a new position in iShares Expanded Tech-Software Sector ETF in the second quarter valued at about $28,000. Fortitude Family Office LLC acquired a new position in shares of iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth approximately $45,000. Garde Capital Inc. grew its position in iShares Expanded Tech-Software Sector ETF by 371.7% during the 1st quarter. Garde Capital Inc. now owns 1,585 shares of the company’s stock worth $135,000 after acquiring an additional 1,249 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at $204,000. Finally, Transcendent Capital Group LLC raised its position in iShares Expanded Tech-Software Sector ETF by 400.0% in the 1st quarter. Transcendent Capital Group LLC now owns 2,500 shares of the company’s stock valued at $213,000 after purchasing an additional 2,000 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).