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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of unusually large options trading activity on Friday. Stock investors acquired 187,248 call options on the stock. This represents an increase of approximately 50% compared to the typical daily volume of 124,739 call options.

iShares Expanded Tech-Software Sector ETF Stock Performance

Shares of iShares Expanded Tech-Software Sector ETF stock traded up $5.21 on Friday, hitting $100.89. 20,808,248 shares of the company’s stock were exchanged, compared to its average volume of 22,166,848. The company has a 50-day simple moving average of $85.50 and a 200-day simple moving average of $92.95. The stock has a market capitalization of $11.25 billion, a PE ratio of 45.14 and a beta of 1.15. iShares Expanded Tech-Software Sector ETF has a 1 year low of $73.93 and a 1 year high of $117.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IGV. Russell Investments Group Ltd. lifted its stake in shares of iShares Expanded Tech-Software Sector ETF by 36.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,315 shares of the company’s stock valued at $253,000 after buying an additional 622 shares in the last quarter. Baird Financial Group Inc. lifted its stake in shares of iShares Expanded Tech-Software Sector ETF by 2.5% during the 2nd quarter. Baird Financial Group Inc. now owns 27,931 shares of the company’s stock valued at $3,058,000 after buying an additional 672 shares in the last quarter. FWL Investment Management LLC lifted its stake in shares of iShares Expanded Tech-Software Sector ETF by 339.8% during the 2nd quarter. FWL Investment Management LLC now owns 409 shares of the company’s stock valued at $45,000 after buying an additional 316 shares in the last quarter. Ameriprise Financial Inc. lifted its stake 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 buying an additional 58,125 shares in the last quarter. Finally, IHT Wealth Management LLC purchased a new position in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at $1,133,000.

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.