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

iShares Expanded Tech-Software Sector ETF (BATS:IGVGet Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $98.80 and last traded at $102.01, with a volume of 4786034 shares trading hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Up 4.7 %

The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 11.37 and a beta of 1.42. The company has a 50-day moving average price of $103.32 and a 200-day moving average price of $93.82.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Magnolia Capital Advisors LLC acquired a new stake in iShares Expanded Tech-Software Sector ETF in the second quarter worth about $358,000. Westwind Capital grew its stake in shares of iShares Expanded Tech-Software Sector ETF by 3,226.5% in the 3rd quarter. Westwind Capital now owns 12,807 shares of the company’s stock worth $1,145,000 after purchasing an additional 12,422 shares during the last quarter. Merkkuri Wealth Advisors LLC grew its stake in shares of iShares Expanded Tech-Software Sector ETF by 37.9% in the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 3,767 shares of the company’s stock worth $337,000 after purchasing an additional 1,036 shares during the last quarter. Lyell Wealth Management LP raised its holdings in shares of iShares Expanded Tech-Software Sector ETF by 4.8% in the 3rd quarter. Lyell Wealth Management LP now owns 3,831 shares of the company’s stock worth $342,000 after purchasing an additional 175 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in iShares Expanded Tech-Software Sector ETF during the third quarter valued at approximately $45,000.

About iShares Expanded Tech-Software Sector ETF

(Get Free Report)

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).

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