iShares Expanded Tech-Software Sector ETF (BATS:IGV) Trading 10.9% Higher – Here’s What Happened

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares traded up 10.9% during mid-day trading on Tuesday . The stock traded as high as $99.76 and last traded at $108.0320. 4,786,034 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 4,891,485 shares. The stock had previously closed at $97.41.

iShares Expanded Tech-Software Sector ETF Stock Up 11.1%

The company’s 50-day moving average is $108.98 and its 200 day moving average is $109.95. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its stake in iShares Expanded Tech-Software Sector ETF by 725.9% during the 1st quarter. Russell Investments Group Ltd. now owns 1,693 shares of the company’s stock worth $151,000 after buying an additional 1,488 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of iShares Expanded Tech-Software Sector ETF in the second quarter worth approximately $240,000. L & S Advisors Inc increased its position in shares of iShares Expanded Tech-Software Sector ETF by 7,605.0% during the second quarter. L & S Advisors Inc now owns 211,041 shares of the company’s stock worth $23,109,000 after purchasing an additional 208,302 shares in the last quarter. Transcend Capital Advisors LLC increased its position in shares of iShares Expanded Tech-Software Sector ETF by 1.2% during the second quarter. Transcend Capital Advisors LLC now owns 27,468 shares of the company’s stock worth $3,008,000 after purchasing an additional 321 shares in the last quarter. Finally, Main Management ETF Advisors LLC raised its stake in iShares Expanded Tech-Software Sector ETF by 1.0% in the 2nd quarter. Main Management ETF Advisors LLC now owns 1,669,135 shares of the company’s stock valued at $182,770,000 after purchasing an additional 16,165 shares during 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.