iShares Expanded Tech-Software Sector ETF (BATS:IGV) Reaches New 1-Year Low – Should You Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $98.80 and last traded at $99.83, with a volume of 4786034 shares traded. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Price Performance

The company has a fifty day simple moving average of $103.39 and a two-hundred day simple moving average of $93.04. The company has a market capitalization of $7.72 billion, a P/E ratio of 11.37 and a beta of 1.42.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in iShares Expanded Tech-Software Sector ETF by 23.3% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock valued at $329,737,000 after acquiring an additional 697,127 shares during the period. Main Management ETF Advisors LLC boosted its stake in iShares Expanded Tech-Software Sector ETF by 84.6% during the 3rd quarter. Main Management ETF Advisors LLC now owns 1,661,055 shares of the company’s stock valued at $148,448,000 after purchasing an additional 761,100 shares during the period. Silverleafe Capital Partners LLC boosted its holdings in iShares Expanded Tech-Software Sector ETF by 66.3% in the 4th quarter. Silverleafe Capital Partners LLC now owns 81,668 shares of the company’s stock valued at $8,177,000 after purchasing an additional 32,564 shares during the period. Mathes Company Inc. grew its position in iShares Expanded Tech-Software Sector ETF by 1.3% in the 3rd quarter. Mathes Company Inc. now owns 68,075 shares of the company’s stock worth $6,084,000 after purchasing an additional 900 shares during the last quarter. Finally, Valley Wealth Managers Inc. increased its holdings in shares of iShares Expanded Tech-Software Sector ETF by 1.2% during the 3rd quarter. Valley Wealth Managers Inc. now owns 40,783 shares of the company’s stock worth $3,645,000 after purchasing an additional 465 shares during the period.

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).