iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 1-Year Low – Here’s Why

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares reached a new 52-week low on Monday . The stock traded as low as $98.80 and last traded at $106.00, with a volume of 4786034 shares traded. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Price Performance

The firm’s 50 day moving average price is $103.22 and its two-hundred day moving average price is $95.07. The stock has a market cap of $8.27 billion, a PE ratio of 11.37 and a beta of 1.42.

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

A number of large investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new position in iShares Expanded Tech-Software Sector ETF during the third quarter worth about $25,000. Rosenberg Matthew Hamilton bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at about $32,000. Ethos Financial Group LLC purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at approximately $40,000. Fortitude Family Office LLC bought a new stake in iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth $45,000. Finally, Aspect Partners LLC bought a new position in iShares Expanded Tech-Software Sector ETF during the 4th 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).