iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 1-Year Low – Time to Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price reached a new 52-week low during trading on Monday . The company traded as low as $105.62 and last traded at $105.78, with a volume of 7153418 shares traded. The stock had previously closed at $106.04.

iShares Expanded Tech-Software Sector ETF Trading Down 1.8 %

The stock has a market cap of $8.10 billion, a price-to-earnings ratio of 11.37 and a beta of 1.42. The firm’s 50 day moving average is $94.87 and its two-hundred day moving average is $88.00.

Hedge Funds Weigh In On iShares Expanded Tech-Software Sector ETF

A number of institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth approximately $25,000. Whittier Trust Co. purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF in the second quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in iShares Expanded Tech-Software Sector ETF in the third quarter valued at $45,000. Garde Capital Inc. lifted its position in iShares Expanded Tech-Software Sector ETF by 371.7% during the first quarter. Garde Capital Inc. now owns 1,585 shares of the company’s stock worth $135,000 after buying an additional 1,249 shares during the period. Finally, Arkadios Wealth Advisors acquired a new stake in iShares Expanded Tech-Software Sector ETF in the 2nd quarter worth about $204,000.

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).