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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of unusually large options trading on Thursday. Traders acquired 85,397 call options on the stock. This represents an increase of 239% compared to the typical daily volume of 25,180 call options.

iShares Expanded Tech-Software Sector ETF Stock Performance

BATS IGV opened at $80.96 on Friday. The stock has a market cap of $9.03 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15. iShares Expanded Tech-Software Sector ETF has a 52-week low of $76.68 and a 52-week high of $117.99. The business has a 50 day simple moving average of $100.09 and a 200 day simple moving average of $107.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth approximately $30,000. Bogart Wealth LLC boosted its stake in shares of 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 worth $31,000 after acquiring an additional 186 shares during the period. Luminist Capital LLC acquired a new position in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth approximately $38,000. Sound Income Strategies LLC raised its stake 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 valued at $42,000 after acquiring an additional 400 shares during the period. Finally, IFC & Insurance Marketing Inc. acquired a new stake in iShares Expanded Tech-Software Sector ETF during the 4th quarter valued at $42,000.

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.