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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares reached a new 52-week low on Monday . The stock traded as low as $105.65 and last traded at $106.96, with a volume of 4708046 shares traded. The stock had previously closed at $105.77.

iShares Expanded Tech-Software Sector ETF Price Performance

The company has a market cap of $8.30 billion, a P/E ratio of 11.37 and a beta of 1.42. The business’s 50 day moving average price is $99.17 and its 200-day moving average price is $90.02.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Morse Asset Management Inc bought a new stake in iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth $25,000. Whittier Trust Co. purchased a new position in iShares Expanded Tech-Software Sector ETF in the second quarter worth about $28,000. Fortitude Family Office LLC purchased a new stake in iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at $45,000. Arkadios Wealth Advisors bought a new position in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $204,000. Finally, Cutter & CO Brokerage Inc. purchased a new stake in iShares Expanded Tech-Software Sector ETF in the second quarter worth approximately $220,000.

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).