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

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $98.80 and last traded at $107.18, with a volume of 4786034 shares changing hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Up 10.7 %

The firm has a market cap of $8.37 billion, a P/E ratio of 11.37 and a beta of 1.42. The firm’s fifty day moving average is $103.02 and its two-hundred day moving average is $96.00.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Several large investors have recently added to or reduced their stakes in IGV. Morse Asset Management Inc bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at $25,000. Rosenberg Matthew Hamilton bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at $32,000. Ethos Financial Group LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at $40,000. Fortitude Family Office LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at $45,000. Finally, Aspect Partners LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at $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).