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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares reached a new 52-week low on Monday . The stock traded as low as $98.80 and last traded at $97.60, with a volume of 4786034 shares trading hands. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Price Performance

The stock’s 50 day simple moving average is $101.90 and its two-hundred day simple moving average is $97.40. The company has a market capitalization of $10.47 billion, a P/E ratio of 43.83 and a beta of 1.10.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IGV. Farther Finance Advisors LLC raised its position in shares of iShares Expanded Tech-Software Sector ETF by 1,845.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 11,285 shares of the company’s stock valued at $1,009,000 after acquiring an additional 10,705 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in iShares Expanded Tech-Software Sector ETF by 23.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock valued at $329,737,000 after purchasing an additional 697,127 shares during the last quarter. Valley Wealth Managers Inc. lifted its stake in iShares Expanded Tech-Software Sector ETF by 1.2% in the third quarter. Valley Wealth Managers Inc. now owns 40,783 shares of the company’s stock valued at $3,645,000 after buying an additional 465 shares during the period. Quantbot Technologies LP bought a new position in iShares Expanded Tech-Software Sector ETF during the third quarter worth about $1,902,000. Finally, Flow Traders U.S. LLC bought a new position in iShares Expanded Tech-Software Sector ETF during the third quarter worth about $3,215,000.

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).