iShares Expanded Tech-Software Sector ETF Sees Unusually High Options Volume (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) saw some unusual options trading on Thursday. Stock traders bought 154,443 call options on the stock. This is an increase of 59% compared to the typical daily volume of 97,098 call options.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IGV. Collaborative Fund Advisors LLC purchased a new position in iShares Expanded Tech-Software Sector ETF in the 1st quarter valued at about $1,252,000. Appleton Partners Inc. MA acquired a new position in shares of iShares Expanded Tech-Software Sector ETF in the 1st quarter valued at approximately $508,000. Bogart Wealth LLC grew its position in shares of iShares Expanded Tech-Software Sector ETF by 15,487.6% during the first quarter. Bogart Wealth LLC now owns 61,571 shares of the company’s stock worth $4,929,000 after buying an additional 61,176 shares in the last quarter. Ascentis Independent Advisors bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the first quarter worth $92,000. Finally, Alexis Investment Partners LLC bought a new position in iShares Expanded Tech-Software Sector ETF during the 1st quarter valued at $2,224,000.

iShares Expanded Tech-Software Sector ETF Stock Performance

Shares of IGV stock traded down $1.23 during trading hours on Thursday, reaching $83.27. The company had a trading volume of 13,271,187 shares, compared to its average volume of 22,505,932. The company has a market capitalization of $9.29 billion, a P/E ratio of 45.14 and a beta of 1.15. iShares Expanded Tech-Software Sector ETF has a twelve month low of $73.93 and a twelve month high of $117.99. The stock’s fifty day simple moving average is $82.60 and its 200 day simple moving average is $96.10.

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). The Underlying Index measures the performance of United States-traded stocks of software-related companies in the United States and Canada. The Underlying Index includes companies that are producers of client/server applications, enterprise software, application software, personal computers and home entertainment software.