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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low on Monday . The company traded as low as $98.80 and last traded at $98.77, with a volume of 4786034 shares. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Performance

The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of 11.37 and a beta of 1.42. The business has a 50-day moving average of $102.85 and a 200-day moving average of $96.72.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IGV. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of iShares Expanded Tech-Software Sector ETF by 23.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock worth $329,737,000 after purchasing an additional 697,127 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 4th quarter valued at $210,853,000. JPMorgan Chase & Co. lifted its stake in iShares Expanded Tech-Software Sector ETF by 346.9% during the 4th quarter. JPMorgan Chase & Co. now owns 1,870,349 shares of the company’s stock worth $187,260,000 after acquiring an additional 1,451,849 shares in the last quarter. Main Management ETF Advisors LLC boosted its holdings in iShares Expanded Tech-Software Sector ETF by 3.2% during the 4th quarter. Main Management ETF Advisors LLC now owns 1,713,745 shares of the company’s stock valued at $171,580,000 after acquiring an additional 52,690 shares during the period. Finally, Wellspring Financial Advisors LLC increased its stake in iShares Expanded Tech-Software Sector ETF by 4.2% during the fourth quarter. Wellspring Financial Advisors LLC now owns 1,619,847 shares of the company’s stock worth $162,179,000 after purchasing an additional 65,458 shares during the period.

iShares Expanded Tech-Software Sector ETF Company 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).