Stock Traders Buy High Volume of Put Options on iShares Expanded Tech-Software Sector ETF (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of unusually large options trading on Thursday. Stock investors purchased 17,472 put options on the company. This is an increase of 55% compared to the average volume of 11,241 put options.

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

A number of hedge funds have recently bought and sold shares of IGV. NBC Securities Inc. increased its position in shares of iShares Expanded Tech-Software Sector ETF by 174,900.0% during the first quarter. NBC Securities Inc. now owns 1,750 shares of the company’s stock worth $155,000 after purchasing an additional 1,749 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new position in iShares Expanded Tech-Software Sector ETF in the first quarter valued at $1,735,000. GAMMA Investing LLC boosted its position in iShares Expanded Tech-Software Sector ETF by 8,799.1% in the 1st quarter. GAMMA Investing LLC now owns 10,234 shares of the company’s stock valued at $911,000 after buying an additional 10,119 shares during the last quarter. AdvisorNet Financial Inc bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 1st quarter valued at approximately $2,995,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in iShares Expanded Tech-Software Sector ETF by 17.8% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 839 shares of the company’s stock worth $75,000 after purchasing an additional 127 shares during the last quarter.

iShares Expanded Tech-Software Sector ETF Stock Down 11.8 %

Shares of iShares Expanded Tech-Software Sector ETF stock traded down $11.52 during mid-day trading on Thursday, hitting $85.89. The stock had a trading volume of 4,786,034 shares, compared to its average volume of 4,788,098. iShares Expanded Tech-Software Sector ETF has a 12-month low of $75.96 and a 12-month high of $110.84. The firm has a 50-day moving average of $95.63 and a two-hundred day moving average of $97.90. The firm has a market cap of $9.13 billion, a P/E ratio of 41.25 and a beta of 1.17.

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).