iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 12-Month Low at $88.90

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $88.90 and last traded at $89.38, with a volume of 2765561 shares traded. The stock had previously closed at $89.24.

iShares Expanded Tech-Software Sector ETF Stock Performance

The company’s 50-day moving average price is $85.29 and its 200 day moving average price is $84.07. The stock has a market capitalization of $6.94 billion, a PE ratio of 11.37 and a beta of 1.42.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Magnolia Capital Advisors LLC purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 2nd quarter worth about $358,000. Main Management ETF Advisors LLC increased its stake in iShares Expanded Tech-Software Sector ETF by 0.9% during the 2nd quarter. Main Management ETF Advisors LLC now owns 899,955 shares of the company’s stock valued at $78,206,000 after purchasing an additional 7,830 shares in the last quarter. Mathes Company Inc. increased its stake in iShares Expanded Tech-Software Sector ETF by 2.8% during the 2nd quarter. Mathes Company Inc. now owns 67,175 shares of the company’s stock valued at $5,838,000 after purchasing an additional 1,800 shares in the last quarter. L & S Advisors Inc bought a new stake in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $12,489,000. Finally, Rathbones Group PLC bought a new stake in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $830,000.

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).