iShares Expanded Tech-Software Sector ETF (BATS:IGV) Sets New 1-Year Low – Time to Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low during trading on Monday . The company traded as low as $100.65 and last traded at $101.16, with a volume of 2815196 shares traded. The stock had previously closed at $101.13.

iShares Expanded Tech-Software Sector ETF Price Performance

The company has a market capitalization of $8.02 billion, a P/E ratio of 11.37 and a beta of 1.42. The stock’s 50 day simple moving average is $92.75 and its two-hundred day simple moving average is $87.05.

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

Hedge funds have recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of iShares Expanded Tech-Software Sector ETF by 23.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock worth $329,737,000 after acquiring an additional 697,127 shares in the last quarter. Main Management ETF Advisors LLC lifted its holdings in 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 valued at $148,448,000 after acquiring an additional 761,100 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in iShares Expanded Tech-Software Sector ETF by 13.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 246,987 shares of the company’s stock valued at $21,463,000 after buying an additional 29,341 shares during the period. L & S Advisors Inc purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 2nd quarter worth $12,489,000. Finally, Mathes Company Inc. increased its position in iShares Expanded Tech-Software Sector ETF by 1.3% in the third quarter. Mathes Company Inc. now owns 68,075 shares of the company’s stock worth $6,084,000 after buying an additional 900 shares in 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).