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

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

iShares Expanded Tech-Software Sector ETF Price Performance

The company has a 50-day moving average of $103.24 and a 200 day moving average of $93.54. The company has a market cap of $8.10 billion, a PE ratio of 11.37 and a beta of 1.42.

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

Large investors have recently modified their holdings of the stock. Morse Asset Management Inc bought a new stake in iShares Expanded Tech-Software Sector ETF in the third quarter worth $25,000. Rosenberg Matthew Hamilton purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF in the fourth quarter valued at $32,000. Fortitude Family Office LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth about $45,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of iShares Expanded Tech-Software Sector ETF during the 4th quarter worth about $71,000. Finally, DMC Group LLC bought a new position in iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at about $210,000.

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).