iShares Expanded Tech-Software Sector ETF (BATS:IGV) Sets New 52-Week Low – Time to Sell?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $98.80 and last traded at $102.01, with a volume of 4786034 shares traded. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Up 6.2 %

The company has a market capitalization of $8.04 billion, a P/E ratio of 11.37 and a beta of 1.42. The business has a 50 day moving average of $103.39 and a 200 day moving average of $94.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Morse Asset Management Inc purchased a new stake in iShares Expanded Tech-Software Sector ETF during the third quarter valued at $25,000. Rosenberg Matthew Hamilton purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at about $32,000. Fortitude Family Office LLC purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 3rd quarter valued at about $45,000. MassMutual Private Wealth & Trust FSB purchased a new position in iShares Expanded Tech-Software Sector ETF in the fourth quarter worth about $71,000. Finally, Comprehensive Financial Planning Inc. PA purchased a new position in iShares Expanded Tech-Software Sector ETF in the fourth quarter worth about $183,000.

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).