iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 12-Month Low – Should You Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $98.80 and last traded at $99.83, with a volume of 4786034 shares trading hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Trading Up 2.9 %

The firm has a market capitalization of $7.78 billion, a P/E ratio of 11.37 and a beta of 1.42. The business has a 50-day moving average of $103.35 and a 200 day moving average of $93.21.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mathes Company Inc. increased its holdings in iShares Expanded Tech-Software Sector ETF by 1.3% during the 3rd quarter. Mathes Company Inc. now owns 68,075 shares of the company’s stock worth $6,084,000 after purchasing an additional 900 shares in the last quarter. Plotkin Financial Advisors LLC bought a new stake in iShares Expanded Tech-Software Sector ETF during the 3rd quarter worth approximately $574,000. Valley Wealth Managers Inc. increased its holdings in iShares Expanded Tech-Software Sector ETF by 1.2% during the 3rd quarter. Valley Wealth Managers Inc. now owns 40,783 shares of the company’s stock worth $3,645,000 after purchasing an additional 465 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in iShares Expanded Tech-Software Sector ETF by 1,845.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,285 shares of the company’s stock worth $1,009,000 after purchasing an additional 10,705 shares in the last quarter. Finally, Silverleafe Capital Partners LLC increased its holdings in iShares Expanded Tech-Software Sector ETF by 66.3% during the 4th quarter. Silverleafe Capital Partners LLC now owns 81,668 shares of the company’s stock worth $8,177,000 after purchasing an additional 32,564 shares in the last quarter.

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).