iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 1-Year Low – Time to Sell?

Shares of iShares Expanded Tech-Software Sector ETF (BATS:IGV) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $88.71 and last traded at $88.67, with a volume of 2846693 shares changing hands. The stock had previously closed at $89.90.

iShares Expanded Tech-Software Sector ETF Stock Performance

The business’s 50-day moving average price is $85.93 and its 200 day moving average price is $84.25. The stock has a market capitalization of $7.13 billion, a PE ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Global Financial Private Client LLC grew its position in shares of iShares Expanded Tech-Software Sector ETF by 1.6% during the 2nd quarter. Global Financial Private Client LLC now owns 12,753 shares of the company’s stock valued at $1,108,000 after purchasing an additional 197 shares in the last quarter. Whittier Trust Co. bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the second quarter valued at about $28,000. Garde Capital Inc. bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at about $136,000. AlphaMark Advisors LLC raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 360.0% during the first quarter. AlphaMark Advisors LLC now owns 575 shares of the company’s stock valued at $49,000 after acquiring an additional 450 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at about $203,000.

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).