iShares Expanded Tech-Software Sector ETF Sees Unusually Large Options Volume (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of some unusual options trading on Friday. Investors acquired 205,712 put options on the stock. This is an increase of 54% compared to the average daily volume of 133,489 put options.

iShares Expanded Tech-Software Sector ETF Stock Up 3.3%

Shares of BATS:IGV traded up $2.81 during trading on Friday, reaching $87.57. 9,873,178 shares of the company traded hands, compared to its average volume of 21,845,010. The company’s 50 day moving average is $90.83 and its two-hundred day moving average is $91.25. The firm has a market capitalization of $9.77 billion, a PE ratio of 45.14 and a beta of 1.15. iShares Expanded Tech-Software Sector ETF has a 52 week low of $73.93 and a 52 week high of $117.99.

Institutional Investors Weigh In On iShares Expanded Tech-Software Sector ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cary Street Partners Financial LLC acquired a new position in iShares Expanded Tech-Software Sector ETF during the third quarter valued at approximately $1,257,000. Anfield Capital Management LLC lifted its stake in iShares Expanded Tech-Software Sector ETF by 31.4% during the third quarter. Anfield Capital Management LLC now owns 182,292 shares of the company’s stock worth $20,965,000 after purchasing an additional 43,526 shares during the last quarter. Mosley Wealth Management acquired a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 4th quarter valued at $1,020,000. Whittier Trust Co. boosted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 2,624.4% in the 4th quarter. Whittier Trust Co. now owns 8,718 shares of the company’s stock valued at $915,000 after purchasing an additional 8,398 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in shares of iShares Expanded Tech-Software Sector ETF in the 4th quarter valued at $4,078,000.

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.