iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 52-Week Low at $89.05

Shares of iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low during trading on Monday . The company traded as low as $89.05 and last traded at $89.21, with a volume of 1528558 shares. The stock had previously closed at $89.20.

iShares Expanded Tech-Software Sector ETF Stock Performance

The company has a market capitalization of $6.93 billion, a P/E ratio of 11.37 and a beta of 1.42. The firm’s fifty day moving average is $85.02 and its 200 day moving average is $83.95.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IGV. Magnolia Capital Advisors LLC bought a new position in shares of iShares Expanded Tech-Software Sector ETF in the second quarter worth about $358,000. Main Management ETF Advisors LLC raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 0.9% during the second quarter. Main Management ETF Advisors LLC now owns 899,955 shares of the company’s stock valued at $78,206,000 after acquiring an additional 7,830 shares in the last quarter. Mathes Company Inc. boosted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 2.8% in the second quarter. Mathes Company Inc. now owns 67,175 shares of the company’s stock valued at $5,838,000 after purchasing an additional 1,800 shares during the period. L & S Advisors Inc bought a new position in iShares Expanded Tech-Software Sector ETF in the second quarter worth approximately $12,489,000. Finally, Rathbones Group PLC purchased a new position in iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth $830,000.

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).