iShares Expanded Tech-Software Sector ETF Target of Unusually High Options Trading (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of some unusual options trading on Monday. Stock investors purchased 100,244 call options on the stock. This is an increase of 40% compared to the average volume of 71,666 call options.

iShares Expanded Tech-Software Sector ETF Stock Performance

Shares of IGV opened at $78.70 on Tuesday. iShares Expanded Tech-Software Sector ETF has a 52-week low of $73.93 and a 52-week high of $117.99. The business’s 50 day moving average price is $82.14 and its two-hundred day moving average price is $98.52. The firm has a market cap of $8.78 billion, a PE ratio of 45.14 and a beta of 1.15.

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

Several institutional investors have recently added to or reduced their stakes in the business. Monetary Management Group Inc. lifted its stake in iShares Expanded Tech-Software Sector ETF by 1.5% in the third quarter. Monetary Management Group Inc. now owns 6,825 shares of the company’s stock valued at $785,000 after buying an additional 100 shares during the period. Resources Management Corp CT ADV lifted its stake in iShares Expanded Tech-Software Sector ETF by 29.0% in the second quarter. Resources Management Corp CT ADV now owns 445 shares of the company’s stock valued at $49,000 after buying an additional 100 shares during the period. Western Wealth Management LLC lifted its stake in iShares Expanded Tech-Software Sector ETF by 2.1% in the third quarter. Western Wealth Management LLC now owns 5,966 shares of the company’s stock valued at $686,000 after buying an additional 125 shares during the period. One Capital Management LLC lifted its stake in iShares Expanded Tech-Software Sector ETF by 1.8% in the third quarter. One Capital Management LLC now owns 7,260 shares of the company’s stock valued at $835,000 after buying an additional 125 shares during the period. Finally, Bogart Wealth LLC lifted its stake in iShares Expanded Tech-Software Sector ETF by 48.5% in the fourth quarter. Bogart Wealth LLC now owns 395 shares of the company’s stock valued at $42,000 after buying an additional 129 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). 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.