iShares Expanded Tech-Software Sector ETF Target of Unusually High Options Trading (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of unusually large options trading on Friday. Stock traders acquired 100,915 call options on the company. This is an increase of 58% compared to the typical daily volume of 63,954 call options.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bogart Wealth LLC increased its holdings in iShares Expanded Tech-Software Sector ETF by 232.5% in the 3rd quarter. Bogart Wealth LLC now owns 266 shares of the company’s stock valued at $31,000 after buying an additional 186 shares during the period. Resources Management Corp CT ADV lifted its holdings in shares of 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 acquiring an additional 150 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $30,000. Luminist Capital LLC acquired a new stake in shares of iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $38,000. Finally, Hollencrest Capital Management bought a new stake in iShares Expanded Tech-Software Sector ETF in the second quarter valued at about $43,000.

iShares Expanded Tech-Software Sector ETF Stock Down 3.6%

iShares Expanded Tech-Software Sector ETF stock opened at $76.89 on Friday. The business has a 50 day moving average price of $85.76 and a two-hundred day moving average price of $101.34. iShares Expanded Tech-Software Sector ETF has a 12 month low of $76.25 and a 12 month high of $117.99. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15.

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.