iShares Expanded Tech-Software Sector ETF (BATS:IGV) Sets New 52-Week Low – What’s Next?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $98.80 and last traded at $107.18, with a volume of 4786034 shares traded. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Price Performance

The stock has a fifty day moving average price of $103.01 and a 200 day moving average price of $96.27. The stock has a market capitalization of $8.08 billion, a P/E ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC grew its position in shares of iShares Expanded Tech-Software Sector ETF by 1.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,979 shares of the company’s stock valued at $699,000 after purchasing an additional 129 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of iShares Expanded Tech-Software Sector ETF by 15.4% during the 4th quarter. First Horizon Advisors Inc. now owns 1,067 shares of the company’s stock valued at $107,000 after acquiring an additional 142 shares during the last quarter. Lyell Wealth Management LP raised its stake in iShares Expanded Tech-Software Sector ETF by 4.8% in the third quarter. Lyell Wealth Management LP now owns 3,831 shares of the company’s stock valued at $342,000 after purchasing an additional 175 shares in the last quarter. Monetary Management Group Inc. raised its position in shares of iShares Expanded Tech-Software Sector ETF by 3.9% during the 4th quarter. Monetary Management Group Inc. now owns 5,375 shares of the company’s stock valued at $538,000 after buying an additional 200 shares in the last quarter. Finally, Morse Asset Management Inc bought a new position in iShares Expanded Tech-Software Sector ETF in the third quarter valued at $25,000.

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).