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

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the target of some unusual options trading activity on Friday. Stock investors purchased 100,915 call options on the stock. This represents an increase of approximately 58% compared to the average daily volume of 63,954 call options.

iShares Expanded Tech-Software Sector ETF Price Performance

Shares of BATS:IGV opened at $76.89 on Friday. The company’s fifty day moving average price is $85.76 and its 200 day moving average price is $101.41. iShares Expanded Tech-Software Sector ETF has a 12 month low of $76.25 and a 12 month high of $117.99. The firm has a market capitalization of $8.58 billion, a P/E ratio of 45.14 and a beta of 1.15.

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

Hedge funds have recently made changes to their positions in the company. Resources Management Corp CT ADV lifted its holdings in shares of iShares Expanded Tech-Software Sector ETF by 120.0% in the 4th quarter. Resources Management Corp CT ADV now owns 275 shares of the company’s stock valued at $29,000 after purchasing an additional 150 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in iShares Expanded Tech-Software Sector ETF during the 2nd quarter worth approximately $30,000. Bogart Wealth LLC grew its stake in iShares Expanded Tech-Software Sector ETF by 232.5% during the 3rd quarter. Bogart Wealth LLC now owns 266 shares of the company’s stock worth $31,000 after buying an additional 186 shares during the last quarter. Luminist Capital LLC acquired a new position in iShares Expanded Tech-Software Sector ETF during the second quarter worth approximately $38,000. Finally, Sound Income Strategies LLC increased its position in iShares Expanded Tech-Software Sector ETF by 1,428.6% during the fourth quarter. Sound Income Strategies LLC now owns 428 shares of the company’s stock worth $42,000 after buying an additional 400 shares during the period.

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.