iShares Expanded Tech-Software Sector ETF Sees Unusually High Options Volume (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of some unusual options trading activity on Tuesday. Investors acquired 42,882 put options on the company. This is an increase of approximately 351% compared to the average daily volume of 9,499 put options.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC bought a new stake in iShares Expanded Tech-Software Sector ETF in the second quarter valued at $27,000. Twin Peaks Wealth Advisors LLC bought a new stake in iShares Expanded Tech-Software Sector ETF in the 2nd quarter valued at about $30,000. Bogart Wealth LLC boosted its stake in iShares Expanded Tech-Software Sector ETF by 232.5% during the 3rd quarter. Bogart Wealth LLC now owns 266 shares of the company’s stock valued at $31,000 after purchasing an additional 186 shares during the period. Luminist Capital LLC acquired a new position in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $38,000. Finally, Sound Income Strategies LLC grew its position in iShares Expanded Tech-Software Sector ETF by 1,428.6% in the 4th quarter. Sound Income Strategies LLC now owns 428 shares of the company’s stock worth $42,000 after purchasing an additional 400 shares during the last quarter.

iShares Expanded Tech-Software Sector ETF Stock Down 12.4%

Shares of BATS IGV opened at $85.35 on Wednesday. The firm’s 50-day moving average price is $103.16 and its two-hundred day moving average price is $108.35. iShares Expanded Tech-Software Sector ETF has a 52-week low of $75.96 and a 52-week high of $112.59. The stock has a market capitalization of $9.52 billion, a P/E ratio of 45.14 and a beta of 1.15.

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). The Underlying Index measures the performance of United States-traded stocks of software-related companies in the United States and Canada. The Underlying Index includes companies that are producers of client/server applications, enterprise software, application software, personal computers and home entertainment software.