iShares Expanded Tech-Software Sector ETF (BATS:IGV) Hits New 12-Month Low at $86.54

iShares Expanded Tech-Software Sector ETF (BATS:IGV) reached a new 52-week low during trading on Monday . The stock traded as low as $86.54 and last traded at $87.31, with a volume of 3274797 shares traded. The stock had previously closed at $86.90.

iShares Expanded Tech-Software Sector ETF Price Performance

The firm has a market cap of $6.83 billion, a P/E ratio of 11.37 and a beta of 1.42. The stock’s 50-day simple moving average is $82.33 and its two-hundred day simple moving average is $83.18.

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

Several hedge funds have recently added to or reduced their stakes in IGV. Anchor Investment Management LLC purchased a new stake in iShares Expanded Tech-Software Sector ETF in the fourth quarter worth $26,000. Private Trust Co. NA grew its holdings in shares of iShares Expanded Tech-Software Sector ETF by 20.1% in the fourth quarter. Private Trust Co. NA now owns 389 shares of the company’s stock worth $158,000 after purchasing an additional 65 shares during the last quarter. Spence Asset Management increased its stake in iShares Expanded Tech-Software Sector ETF by 1.8% in the 4th quarter. Spence Asset Management now owns 4,622 shares of the company’s stock worth $1,875,000 after buying an additional 83 shares during the period. NBC Securities Inc. lifted its holdings in iShares Expanded Tech-Software Sector ETF by 32.1% during the 4th quarter. NBC Securities Inc. now owns 350 shares of the company’s stock valued at $141,000 after buying an additional 85 shares in the last quarter. Finally, Greenwood Gearhart Inc. grew its stake in iShares Expanded Tech-Software Sector ETF by 0.4% in the 3rd quarter. Greenwood Gearhart Inc. now owns 38,812 shares of the company’s stock worth $13,245,000 after acquiring an additional 154 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).