iShares Expanded Tech-Software Sector ETF (BATS:IGV) Trading 2.7% Higher – Still a Buy?

iShares Expanded Tech-Software Sector ETF (BATS:IGV)’s stock price traded up 2.7% during trading on Monday . The stock traded as high as $107.15 and last traded at $107.13. Approximately 8,657,157 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 18,870,936 shares. The stock had previously closed at $104.35.

iShares Expanded Tech-Software Sector ETF Stock Up 2.7%

The company’s fifty day simple moving average is $100.54 and its two-hundred day simple moving average is $92.54. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15.

Institutional Trading of iShares Expanded Tech-Software Sector ETF

Several hedge funds have recently added to or reduced their stakes in IGV. SG Americas Securities LLC lifted its position in iShares Expanded Tech-Software Sector ETF by 12,005.4% in the 1st quarter. SG Americas Securities LLC now owns 182,913 shares of the company’s stock valued at $14,642,000 after acquiring an additional 181,402 shares in the last quarter. Aurora Investment Managers LLC. bought a new position in iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth about $6,910,000. Bogart Wealth LLC raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 15,487.6% in the 1st quarter. Bogart Wealth LLC now owns 61,571 shares of the company’s stock valued at $4,929,000 after purchasing an additional 61,176 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 24.1% in the first quarter. Janney Montgomery Scott LLC now owns 250,052 shares of the company’s stock valued at $20,017,000 after purchasing an additional 48,613 shares in the last quarter. Finally, Alexis Investment Partners LLC bought a new stake in shares of iShares Expanded Tech-Software Sector ETF in the first quarter valued at about $2,224,000.

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.