iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 12-Month Low – Here’s Why

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $98.80 and last traded at $100.67, with a volume of 4786034 shares traded. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Trading Up 4.6 %

The business’s fifty day simple moving average is $103.29 and its 200-day simple moving average is $94.38. The firm has a market cap of $7.91 billion, a P/E ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Morse Asset Management Inc purchased a new position in iShares Expanded Tech-Software Sector ETF in the third quarter worth about $25,000. Rosenberg Matthew Hamilton bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the fourth quarter worth approximately $32,000. Fortitude Family Office LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the third quarter worth approximately $45,000. Aspect Partners LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the fourth quarter worth approximately $56,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the fourth quarter worth approximately $71,000.

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).