iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 52-Week Low – What’s Next?

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

iShares Expanded Tech-Software Sector ETF Stock Up 0.2 %

The stock has a 50 day simple moving average of $102.53 and a 200 day simple moving average of $96.95. The company has a market cap of $10.52 billion, a price-to-earnings ratio of 43.83 and a beta of 1.10.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter valued at approximately $210,853,000. JPMorgan Chase & Co. increased 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 buying an additional 1,451,849 shares during the period. Main Management ETF Advisors LLC lifted its holdings in iShares Expanded Tech-Software Sector ETF by 84.6% in the 3rd quarter. Main Management ETF Advisors LLC now owns 1,661,055 shares of the company’s stock worth $148,448,000 after buying an additional 761,100 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in iShares Expanded Tech-Software Sector ETF by 23.3% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock worth $329,737,000 after buying an additional 697,127 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in iShares Expanded Tech-Software Sector ETF by 524.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 616,345 shares of the company’s stock valued at $61,708,000 after buying an additional 517,683 shares during the last quarter.

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).