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 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 Trading Up 6.8 %

The business’s 50 day moving average price is $103.01 and its two-hundred day moving average price is $96.27. The stock has a market cap of $8.08 billion, a P/E ratio of 11.37 and a beta of 1.42.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Morse Asset Management Inc bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton bought a new stake in iShares Expanded Tech-Software Sector ETF during the fourth quarter worth about $32,000. Ethos Financial Group LLC bought a new stake in iShares Expanded Tech-Software Sector ETF during the fourth quarter worth about $40,000. Fortitude Family Office LLC purchased a new stake in iShares Expanded Tech-Software Sector ETF in the third quarter worth about $45,000. Finally, Aspect Partners LLC bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at approximately $56,000.

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).