iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 52-Week Low – Should You Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares reached a new 52-week low on Monday . The stock traded as low as $101.99 and last traded at $103.55, with a volume of 11507121 shares trading hands. The stock had previously closed at $101.24.

iShares Expanded Tech-Software Sector ETF Price Performance

The stock’s 50 day simple moving average is $90.96 and its two-hundred day simple moving average is $86.25. The company has a market capitalization of $8.11 billion, a P/E ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Beaumont Financial Advisors LLC grew its position in shares of iShares Expanded Tech-Software Sector ETF by 400.0% during the 1st quarter. Beaumont Financial Advisors LLC now owns 2,815 shares of the company’s stock worth $240,000 after buying an additional 2,252 shares during the period. Lazard Asset Management LLC raised its position in shares of iShares Expanded Tech-Software Sector ETF by 389.4% during the 1st quarter. Lazard Asset Management LLC now owns 37,245 shares of the company’s stock valued at $3,175,000 after acquiring an additional 29,635 shares during the last quarter. Transcendent Capital Group LLC lifted its stake in shares of 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 period. Silvercrest Asset Management Group LLC boosted its position in shares of iShares Expanded Tech-Software Sector ETF by 400.0% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 2,525 shares of the company’s stock worth $215,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Global Financial Private Client LLC grew its stake in shares of iShares Expanded Tech-Software Sector ETF by 576.5% during the first quarter. Global Financial Private Client LLC now owns 12,556 shares of the company’s stock worth $1,068,000 after purchasing an additional 10,700 shares during the period.

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).