iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 1-Year Low – What’s Next?

Shares of iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low on Wednesday . The company traded as low as $98.80 and last traded at $101.99, with a volume of 4786034 shares trading hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Performance

The stock has a 50-day moving average of $103.24 and a two-hundred day moving average of $93.54. The company has a market cap of $8.10 billion, a P/E ratio of 11.37 and a beta of 1.42.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. grew its position in iShares Expanded Tech-Software Sector ETF by 23.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock valued at $329,737,000 after purchasing an additional 697,127 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake in shares of iShares Expanded Tech-Software Sector ETF by 84.6% in the third quarter. Main Management ETF Advisors LLC now owns 1,661,055 shares of the company’s stock worth $148,448,000 after buying an additional 761,100 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of iShares Expanded Tech-Software Sector ETF by 524.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 616,345 shares of the company’s stock valued at $61,708,000 after buying an additional 517,683 shares during the last quarter. Silverleafe Capital Partners LLC increased its position in shares of iShares Expanded Tech-Software Sector ETF by 66.3% during the fourth quarter. Silverleafe Capital Partners LLC now owns 81,668 shares of the company’s stock valued at $8,177,000 after acquiring an additional 32,564 shares in the last quarter. Finally, Mathes Company Inc. raised its holdings in iShares Expanded Tech-Software Sector ETF by 1.3% in the 3rd quarter. Mathes Company Inc. now owns 68,075 shares of the company’s stock worth $6,084,000 after acquiring an additional 900 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).