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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 42,882 put options on the company. This represents an increase of approximately 351% compared to the typical volume of 9,499 put options.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF during the second quarter worth about $63,000. Chung Wu Investment Group LLC acquired a new stake in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at approximately $27,000. Confluence Wealth Services Inc. acquired a new stake in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at approximately $238,000. Kingswood Wealth Advisors LLC increased its holdings in iShares Expanded Tech-Software Sector ETF by 81.3% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 5,492 shares of the company’s stock worth $601,000 after purchasing an additional 2,463 shares during the last quarter. Finally, DMC Group LLC purchased a new stake in iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth approximately $282,000.

iShares Expanded Tech-Software Sector ETF Stock Down 14.0%

IGV opened at $83.80 on Thursday. The firm’s 50 day moving average is $102.78 and its 200-day moving average is $108.18. iShares Expanded Tech-Software Sector ETF has a 52-week low of $75.96 and a 52-week high of $112.59. The firm has a market capitalization of $9.35 billion, a P/E 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.