iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 52-Week Low at $87.56

iShares Expanded Tech-Software Sector ETF (BATS:IGV) hit a new 52-week low during trading on Monday . The stock traded as low as $87.56 and last traded at $88.04, with a volume of 4768656 shares. The stock had previously closed at $87.33.

iShares Expanded Tech-Software Sector ETF Price Performance

The firm’s 50 day moving average is $84.93 and its 200 day moving average is $83.90. The company has a market capitalization of $6.75 billion, a PE ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. increased its position in iShares Expanded Tech-Software Sector ETF by 15.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 60,204 shares of the company’s stock valued at $24,421,000 after purchasing an additional 8,203 shares during the period. Jones Financial Companies Lllp increased its position in iShares Expanded Tech-Software Sector ETF by 1,288.7% during the 4th quarter. Jones Financial Companies Lllp now owns 736 shares of the company’s stock valued at $299,000 after purchasing an additional 683 shares during the period. Barometer Capital Management Inc. purchased a new position in iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at $203,000. Comerica Bank increased its position in iShares Expanded Tech-Software Sector ETF by 9.8% during the 4th quarter. Comerica Bank now owns 3,244 shares of the company’s stock valued at $1,316,000 after purchasing an additional 290 shares during the period. Finally, Novak & Powell Financial Services Inc. purchased a new position in iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at $539,000.

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).