iShares Expanded Tech-Software Sector ETF (BATS:IGV) Sets New 52-Week Low – Here’s What Happened

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $98.80 and last traded at $100.67, with a volume of 4786034 shares. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Performance

The stock has a market cap of $8.11 billion, a PE ratio of 11.37 and a beta of 1.42. The stock has a fifty day simple moving average of $103.23 and a two-hundred day simple moving average of $94.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Morse Asset Management Inc acquired a new position in iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth $25,000. Rosenberg Matthew Hamilton purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF during the fourth quarter worth about $32,000. Fortitude Family Office LLC acquired a new position in shares of iShares Expanded Tech-Software Sector ETF in the third quarter worth about $45,000. Aspect Partners LLC purchased a new position in iShares Expanded Tech-Software Sector ETF in the fourth quarter valued at about $56,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at approximately $71,000.

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).