iShares Expanded Tech-Software Sector ETF (BATS:IGV) Shares Up 10.9% – What’s Next?

iShares Expanded Tech-Software Sector ETF (BATS:IGV) shares shot up 10.9% during mid-day trading on Tuesday . The company 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 10.9%

The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15. The company has a 50-day moving average price of $109.08 and a 200 day moving average price of $109.96.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. IFP Advisors Inc lifted its position in shares of iShares Expanded Tech-Software Sector ETF by 10.8% in the third quarter. IFP Advisors Inc now owns 5,638 shares of the company’s stock worth $648,000 after purchasing an additional 548 shares in the last quarter. Sunbelt Securities Inc. grew its position in iShares Expanded Tech-Software Sector ETF by 117.6% during the third quarter. Sunbelt Securities Inc. now owns 6,224 shares of the company’s stock valued at $716,000 after purchasing an additional 3,364 shares in the last quarter. Captrust Financial Advisors increased its stake in iShares Expanded Tech-Software Sector ETF by 1.7% in the 3rd quarter. Captrust Financial Advisors now owns 91,759 shares of the company’s stock valued at $10,553,000 after buying an additional 1,534 shares during the period. NewEdge Advisors LLC increased its stake in iShares Expanded Tech-Software Sector ETF by 8.1% in the 3rd quarter. NewEdge Advisors LLC now owns 96,484 shares of the company’s stock valued at $11,097,000 after buying an additional 7,267 shares during the period. Finally, Triumph Capital Management lifted its position in iShares Expanded Tech-Software Sector ETF by 4.3% in the 3rd quarter. Triumph Capital Management now owns 14,047 shares of the company’s stock worth $1,616,000 after buying an additional 578 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). 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.