Investors Buy High Volume of Call Options on iShares Expanded Tech-Software Sector ETF (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) saw some unusual options trading on Monday. Investors acquired 25,976 call options on the stock. This represents an increase of 780% compared to the typical volume of 2,951 call options.

iShares Expanded Tech-Software Sector ETF Stock Performance

Shares of IGV opened at $79.48 on Tuesday. iShares Expanded Tech-Software Sector ETF has a 52-week low of $123.69 and a 52-week high of $183.23. The stock’s 50-day simple moving average is $84.47 and its 200 day simple moving average is $79.91. The stock has a market capitalization of $6.29 billion, a price-to-earnings ratio of 11.57 and a beta of 1.39.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in iShares Expanded Tech-Software Sector ETF during the first quarter valued at approximately $746,000. Carret Asset Management LLC grew its position in shares of iShares Expanded Tech-Software Sector ETF by 400.0% during the 1st quarter. Carret Asset Management LLC now owns 4,680 shares of the company’s stock valued at $399,000 after purchasing an additional 3,744 shares in the last quarter. AlphaMark Advisors LLC increased its holdings in shares of iShares Expanded Tech-Software Sector ETF by 360.0% in the first quarter. AlphaMark Advisors LLC now owns 575 shares of the company’s stock worth $49,000 after purchasing an additional 450 shares during the period. Fifth Third Securities Inc. raised its position in shares of iShares Expanded Tech-Software Sector ETF by 380.2% in the first quarter. Fifth Third Securities Inc. now owns 64,475 shares of the company’s stock worth $5,498,000 after buying an additional 51,048 shares in the last quarter. Finally, Vicus Capital boosted its stake in iShares Expanded Tech-Software Sector ETF by 368.7% during the first quarter. Vicus Capital now owns 32,620 shares of the company’s stock valued at $2,781,000 after buying an additional 25,661 shares during the period.

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).