iShares Expanded Tech-Software Sector ETF (BATS:IGV) Shares Up 2.7% – Still a Buy?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price traded up 2.7% during mid-day trading on Monday . The company traded as high as $107.15 and last traded at $107.13. 8,657,157 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 18,870,936 shares. The stock had previously closed at $104.35.

iShares Expanded Tech-Software Sector ETF Trading Up 2.7%

The company has a 50 day simple moving average of $100.54 and a 200 day simple moving average of $92.54. The stock has a market cap of $11.95 billion, a P/E ratio of 45.14 and a beta of 1.15.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wellspring Financial Advisors LLC grew its position in iShares Expanded Tech-Software Sector ETF by 0.3% in the fourth quarter. Wellspring Financial Advisors LLC now owns 1,615,512 shares of the company’s stock valued at $170,743,000 after purchasing an additional 4,364 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in iShares Expanded Tech-Software Sector ETF by 24.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 250,052 shares of the company’s stock worth $20,017,000 after buying an additional 48,613 shares in the last quarter. SG Americas Securities LLC lifted its position in iShares Expanded Tech-Software Sector ETF by 12,005.4% during the 1st quarter. SG Americas Securities LLC now owns 182,913 shares of the company’s stock worth $14,642,000 after buying an additional 181,402 shares in the last quarter. Aurora Investment Managers LLC. acquired a new position in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth about $6,910,000. Finally, Bogart Wealth LLC boosted its stake in shares of iShares Expanded Tech-Software Sector ETF by 15,487.6% during the 1st 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 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). 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.