iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 12-Month Low – Here’s Why

iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low during trading on Wednesday . The company traded as low as $98.80 and last traded at $101.99, with a volume of 4786034 shares trading hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Price Performance

The stock has a market cap of $7.92 billion, a P/E ratio of 11.37 and a beta of 1.42. The company has a fifty day moving average of $103.29 and a 200 day moving average of $93.37.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc bought a new position in iShares Expanded Tech-Software Sector ETF during the third quarter valued at about $25,000. Rosenberg Matthew Hamilton acquired a new stake in iShares Expanded Tech-Software Sector ETF in the 4th quarter valued at about $32,000. Fortitude Family Office LLC bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB acquired a new position in shares of iShares Expanded Tech-Software Sector ETF in the 4th quarter worth approximately $71,000. Finally, Vigilare Wealth Management bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 4th quarter worth approximately $323,000.

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).