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

Shares of iShares Expanded Tech-Software Sector ETF (BATS:IGV) hit a new 52-week low on Monday . The company traded as low as $98.80 and last traded at $106.00, with a volume of 4786034 shares. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Price Performance

The stock has a market cap of $8.17 billion, a price-to-earnings ratio of 11.37 and a beta of 1.42. The company’s fifty day moving average price is $103.25 and its 200-day moving average price is $95.23.

Hedge Funds Weigh In On iShares Expanded Tech-Software Sector ETF

Several hedge funds have recently made changes to their positions in IGV. Valeo Financial Advisors LLC lifted its position in iShares Expanded Tech-Software Sector ETF by 1.9% during the 4th quarter. Valeo Financial Advisors LLC now owns 6,979 shares of the company’s stock worth $699,000 after acquiring an additional 129 shares during the period. First Horizon Advisors Inc. lifted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 15.4% during the fourth quarter. First Horizon Advisors Inc. now owns 1,067 shares of the company’s stock worth $107,000 after purchasing an additional 142 shares during the period. Lyell Wealth Management LP boosted its position in iShares Expanded Tech-Software Sector ETF by 4.8% in the third quarter. Lyell Wealth Management LP now owns 3,831 shares of the company’s stock valued at $342,000 after buying an additional 175 shares during the last quarter. Morse Asset Management Inc acquired a new position in iShares Expanded Tech-Software Sector ETF in the 3rd quarter worth approximately $25,000. Finally, Rosenberg Matthew Hamilton acquired a new position in iShares Expanded Tech-Software Sector ETF in the 4th quarter worth approximately $32,000.

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).