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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares reached a new 52-week low on Monday . The company traded as low as $91.58 and last traded at $92.25, with a volume of 2125805 shares. The stock had previously closed at $92.31.

iShares Expanded Tech-Software Sector ETF Trading Down 1.5 %

The company has a fifty day moving average price of $88.28 and a two-hundred day moving average price of $84.82. The firm has a market capitalization of $7.05 billion, a price-to-earnings 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 bought and sold shares of the company. Sunbelt Securities Inc. raised its position in shares of iShares Expanded Tech-Software Sector ETF by 400.0% during the 1st quarter. Sunbelt Securities Inc. now owns 2,545 shares of the company’s stock valued at $217,000 after buying an additional 2,036 shares during the period. Arkansas Financial Group Inc. grew its holdings in shares of iShares Expanded Tech-Software Sector ETF by 394.1% during the 1st quarter. Arkansas Financial Group Inc. now owns 16,755 shares of the company’s stock worth $1,429,000 after purchasing an additional 13,364 shares during the period. Vicus Capital increased its position in shares of iShares Expanded Tech-Software Sector ETF by 368.7% during the 1st quarter. Vicus Capital now owns 32,620 shares of the company’s stock worth $2,781,000 after purchasing an additional 25,661 shares during the last quarter. Fifth Third Securities Inc. raised its holdings in iShares Expanded Tech-Software Sector ETF by 380.2% in the 1st quarter. Fifth Third Securities Inc. now owns 64,475 shares of the company’s stock valued at $5,498,000 after buying an additional 51,048 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in iShares Expanded Tech-Software Sector ETF by 360.0% in the first quarter. AlphaMark Advisors LLC now owns 575 shares of the company’s stock valued at $49,000 after buying an additional 450 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).