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

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

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

Hedge funds have recently made changes to their positions in the stock. Resources Management Corp CT ADV increased its position in iShares Expanded Tech-Software Sector ETF by 120.0% during the 4th quarter. Resources Management Corp CT ADV now owns 275 shares of the company’s stock worth $29,000 after purchasing an additional 150 shares in the last quarter. Hollencrest Capital Management lifted its stake in iShares Expanded Tech-Software Sector ETF by 50.2% in the 1st quarter. Hollencrest Capital Management now owns 371 shares of the company’s stock valued at $30,000 after purchasing an additional 124 shares during the last quarter. Bogart Wealth LLC boosted its position in iShares Expanded Tech-Software Sector ETF by 48.5% in the fourth quarter. Bogart Wealth LLC now owns 395 shares of the company’s stock valued at $42,000 after buying an additional 129 shares in the last quarter. IFC & Insurance Marketing Inc. acquired a new stake in iShares Expanded Tech-Software Sector ETF in the fourth quarter valued at approximately $42,000. Finally, FWL Investment Management LLC boosted its position in iShares Expanded Tech-Software Sector ETF by 339.8% in the second quarter. FWL Investment Management LLC now owns 409 shares of the company’s stock valued at $45,000 after buying an additional 316 shares in the last quarter.

iShares Expanded Tech-Software Sector ETF Trading Up 3.3%

iShares Expanded Tech-Software Sector ETF stock traded up $2.81 during midday trading on Friday, reaching $87.57. The company’s stock had a trading volume of 9,873,178 shares, compared to its average volume of 21,845,010. iShares Expanded Tech-Software Sector ETF has a 52 week low of $73.93 and a 52 week high of $117.99. The business has a 50-day moving average price of $90.83 and a 200-day moving average price of $91.25. The stock has a market cap of $9.77 billion, a PE ratio of 45.14 and a beta of 1.15.

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.