Traders Buy Large Volume of iShares Expanded Tech-Software Sector ETF Call Options (BATS:IGV)

iShares Expanded Tech-Software Sector ETF (BATS:IGV) was the recipient of some unusual options trading on Tuesday. Stock traders bought 11,657 call options on the company. This represents an increase of approximately 63% compared to the typical daily volume of 7,145 call options.

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

A number of institutional investors and hedge funds have recently made changes to their positions in IGV. Main Management ETF Advisors LLC increased its position in shares of iShares Expanded Tech-Software Sector ETF by 84.6% during the third quarter. Main Management ETF Advisors LLC now owns 1,661,055 shares of the company’s stock worth $148,448,000 after acquiring an additional 761,100 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in iShares Expanded Tech-Software Sector ETF by 23.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,689,572 shares of the company’s stock valued at $329,737,000 after purchasing an additional 697,127 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of iShares Expanded Tech-Software Sector ETF by 524.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 616,345 shares of the company’s stock worth $61,708,000 after purchasing an additional 517,683 shares during the last quarter. WestEnd Advisors LLC purchased a new stake in shares of iShares Expanded Tech-Software Sector ETF in the fourth quarter worth approximately $51,829,000. Finally, Flow Traders U.S. LLC bought a new position in shares of iShares Expanded Tech-Software Sector ETF in the third quarter valued at approximately $3,215,000.

iShares Expanded Tech-Software Sector ETF Trading Up 6.2 %

Shares of iShares Expanded Tech-Software Sector ETF stock opened at $103.48 on Thursday. The business has a 50-day moving average price of $103.39 and a two-hundred day moving average price of $94.05. iShares Expanded Tech-Software Sector ETF has a 1-year low of $123.69 and a 1-year high of $183.23. The company has a market cap of $8.04 billion, a P/E ratio of 11.37 and a beta of 1.42.

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).