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 unusually large options trading activity on Friday. Stock traders purchased 100,915 call options on the stock. This is an increase of 58% compared to the typical volume of 63,954 call options.

iShares Expanded Tech-Software Sector ETF Price Performance

BATS:IGV opened at $76.89 on Friday. iShares Expanded Tech-Software Sector ETF has a 12 month low of $76.25 and a 12 month high of $117.99. The firm has a market capitalization of $8.58 billion, a PE ratio of 45.14 and a beta of 1.15. The business’s fifty day moving average price is $85.76 and its 200 day moving average price is $101.41.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its stake in iShares Expanded Tech-Software Sector ETF by 36.7% during the second quarter. Russell Investments Group Ltd. now owns 2,315 shares of the company’s stock worth $253,000 after purchasing an additional 622 shares during the last quarter. Leuthold Group LLC boosted its holdings in iShares Expanded Tech-Software Sector ETF by 2.6% in the second quarter. Leuthold Group LLC now owns 20,826 shares of the company’s stock valued at $2,280,000 after purchasing an additional 536 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in iShares Expanded Tech-Software Sector ETF in the second quarter valued at approximately $30,000. Luminist Capital LLC purchased a new position in iShares Expanded Tech-Software Sector ETF in the second quarter valued at approximately $38,000. Finally, Baird Financial Group Inc. raised its holdings in iShares Expanded Tech-Software Sector ETF by 2.5% during the second quarter. Baird Financial Group Inc. now owns 27,931 shares of the company’s stock worth $3,058,000 after purchasing an additional 672 shares in the last quarter.

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.