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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) saw unusually large options trading on Thursday. Stock investors bought 85,397 call options on the stock. This represents an increase of approximately 239% compared to the average daily volume of 25,180 call options.

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

A number of institutional investors have recently added to or reduced their stakes in IGV. Monetary Management Group Inc. increased its stake in shares of iShares Expanded Tech-Software Sector ETF by 1.5% in the 3rd quarter. Monetary Management Group Inc. now owns 6,825 shares of the company’s stock worth $785,000 after purchasing an additional 100 shares in the last quarter. Resources Management Corp CT ADV raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 29.0% in the second quarter. Resources Management Corp CT ADV now owns 445 shares of the company’s stock valued at $49,000 after acquiring an additional 100 shares during the period. Western Wealth Management LLC increased its stake in iShares Expanded Tech-Software Sector ETF by 2.1% in the third quarter. Western Wealth Management LLC now owns 5,966 shares of the company’s stock worth $686,000 after purchasing an additional 125 shares during the period. One Capital Management LLC boosted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 1.8% in the third quarter. One Capital Management LLC now owns 7,260 shares of the company’s stock valued at $835,000 after purchasing an additional 125 shares during the period. Finally, Bogart Wealth LLC grew its position in shares of iShares Expanded Tech-Software Sector ETF by 48.5% during the 4th quarter. Bogart Wealth LLC now owns 395 shares of the company’s stock worth $42,000 after buying an additional 129 shares in the last quarter.

iShares Expanded Tech-Software Sector ETF Trading Down 4.1%

BATS IGV traded down $3.43 during trading hours on Thursday, reaching $79.80. 12,176,474 shares of the company’s stock were exchanged, compared to its average volume of 14,763,041. iShares Expanded Tech-Software Sector ETF has a one year low of $76.68 and a one year high of $117.99. The stock has a market cap of $8.90 billion, a PE ratio of 45.14 and a beta of 1.15. The firm has a fifty day moving average of $100.63 and a 200-day moving average of $107.18.

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.