Investors Purchase Large Volume of Call Options on iShares Expanded Tech-Software Sector ETF (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of unusually large options trading on Wednesday. Traders bought 6,064 call options on the stock. This represents an increase of 66% compared to the average daily volume of 3,654 call options.

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

Several hedge funds have recently modified their holdings of the stock. Whittier Trust Co. purchased a new position in shares of iShares Expanded Tech-Software Sector ETF in the 2nd quarter worth $28,000. AlphaMark Advisors LLC increased its position in iShares Expanded Tech-Software Sector ETF by 360.0% during the 1st quarter. AlphaMark Advisors LLC now owns 575 shares of the company’s stock valued at $49,000 after purchasing an additional 450 shares during the period. Wellington Shields & Co. LLC increased its holdings in iShares Expanded Tech-Software Sector ETF by 400.0% during the first quarter. Wellington Shields & Co. LLC now owns 650 shares of the company’s stock valued at $55,000 after buying an additional 520 shares during the period. Garde Capital Inc. boosted 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 valued at $135,000 after purchasing an additional 1,249 shares in the last quarter. Finally, NBC Securities Inc. raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 400.0% during the 1st quarter. NBC Securities Inc. now owns 1,750 shares of the company’s stock worth $149,000 after acquiring an additional 1,400 shares in the last quarter.

iShares Expanded Tech-Software Sector ETF Price Performance

IGV opened at $92.36 on Friday. The firm has a market cap of $7.17 billion, a P/E ratio of 11.37 and a beta of 1.42. The company has a 50 day simple moving average of $86.08 and a two-hundred day simple moving average of $84.30. iShares Expanded Tech-Software Sector ETF has a 1-year low of $123.69 and a 1-year high of $183.23.

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).