WestEnd Advisors LLC Invests $51.83 Million in iShares Expanded Tech-Software Sector ETF (BATS:IGV)

WestEnd Advisors LLC acquired a new stake in iShares Expanded Tech-Software Sector ETF (BATS:IGV) during the 4th quarter, Holdings Channel.com reports. The firm acquired 517,666 shares of the company’s stock, valued at approximately $51,829,000. iShares Expanded Tech-Software Sector ETF makes up 1.3% of WestEnd Advisors LLC’s portfolio, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Merkkuri Wealth Advisors LLC boosted its holdings in iShares Expanded Tech-Software Sector ETF by 37.9% during the third quarter. Merkkuri Wealth Advisors LLC now owns 3,767 shares of the company’s stock worth $337,000 after buying an additional 1,036 shares during the last quarter. Lyell Wealth Management LP raised its position in shares of iShares Expanded Tech-Software Sector ETF by 4.8% in the 3rd quarter. Lyell Wealth Management LP now owns 3,831 shares of the company’s stock valued at $342,000 after acquiring an additional 175 shares during the period. Fortitude Family Office LLC bought a new position in iShares Expanded Tech-Software Sector ETF during the 3rd quarter worth approximately $45,000. Farther Finance Advisors LLC grew its holdings in iShares Expanded Tech-Software Sector ETF by 1,845.7% during the third quarter. Farther Finance Advisors LLC now owns 11,285 shares of the company’s stock valued at $1,009,000 after purchasing an additional 10,705 shares during the period. Finally, Mathes Company Inc. increased its stake in iShares Expanded Tech-Software Sector ETF by 1.3% in the third quarter. Mathes Company Inc. now owns 68,075 shares of the company’s stock valued at $6,084,000 after purchasing an additional 900 shares in the last quarter.

iShares Expanded Tech-Software Sector ETF Stock Performance

IGV opened at $104.64 on Friday. The firm’s fifty day moving average is $103.22 and its two-hundred day moving average is $94.92. The firm has a market cap of $8.13 billion, a PE ratio of 11.37 and a beta of 1.42. iShares Expanded Tech-Software Sector ETF has a twelve month low of $123.69 and a twelve month high of $183.23.

iShares Expanded Tech-Software Sector ETF 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).