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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of unusually large options trading on Friday. Investors purchased 145,219 call options on the stock. This represents an increase of 152% compared to the average daily volume of 57,580 call options.

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

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in iShares Expanded Tech-Software Sector ETF by 53.1% during the second quarter. JPMorgan Chase & Co. now owns 3,419,536 shares of the company’s stock valued at $374,439,000 after acquiring an additional 1,186,519 shares in the last quarter. BNP Paribas Financial Markets grew its position in iShares Expanded Tech-Software Sector ETF by 480.7% in the third quarter. BNP Paribas Financial Markets now owns 2,508,060 shares of the company’s stock worth $288,452,000 after acquiring an additional 2,076,173 shares in the last quarter. Main Management ETF Advisors LLC grew its position in iShares Expanded Tech-Software Sector ETF by 1.0% in the second quarter. Main Management ETF Advisors LLC now owns 1,669,135 shares of the company’s stock worth $182,770,000 after acquiring an additional 16,165 shares in the last quarter. Wellspring Financial Advisors LLC increased its stake in shares of iShares Expanded Tech-Software Sector ETF by 0.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,615,512 shares of the company’s stock worth $170,743,000 after purchasing an additional 4,364 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of iShares Expanded Tech-Software Sector ETF by 9.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 647,958 shares of the company’s stock valued at $69,984,000 after purchasing an additional 58,125 shares in the last quarter.

iShares Expanded Tech-Software Sector ETF Trading Down 0.9%

IGV opened at $84.19 on Friday. iShares Expanded Tech-Software Sector ETF has a 1 year low of $76.25 and a 1 year high of $117.99. The stock has a fifty day moving average price of $89.91 and a 200 day moving average price of $103.17. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15.

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). 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.