iShares Expanded Tech-Software Sector ETF Marks Record High

The iShares Expanded Tech-Software Sector ETF (Ticker: IGV) has achieved a new milestone, reaching a 52-week peak during Monday's trading session. Notably, the ETF's shares soared to an impressive $380.38 before stabilizing at $379.56, backed by a trading volume of 639,646 shares. This surge denotes a notable increase from the previous close at $373.91.

IGV Witnesses a 1.5% Uplift in Stock Value

IGV's financial indicators reflect a strong market presence, with a market capitalization of $7.10 billion, a price-to-earnings ratio of 41.65, and a beta of 1.06. The ETF's performance is also highlighted by its average prices over time; the 50-day moving average stands at $348.95, while the 200-day moving average is noted at $342.31.

Institutional Interest in IGV Rises

In recent times, several hedge funds and institutional investors have adjusted their stakes in IGV. Integrated Wealth Concepts LLC bumped up their holding by 1.4%, now owning 3,235 shares valued at approximately $1,104,000 after acquiring an additional 46 shares within the third quarter. Ancora Advisors LLC increased its stake by a significant 91.0% during the first quarter, resulting in ownership of 128 shares valued at $44,000. Carret Asset Management LLC saw a 6.8% stake increase in the first quarter, holding 1,018 shares with an estimated value of $310,000. Bank of New York Mellon Corp also augmented their investment by 7.5% during the third quarter, now holding 989 shares worth roughly $247,000. Additionally, Equitable Holdings Inc. upped their stake by 1.9% in the first quarter, reaching 3,708 shares valued at $1,279,000.

About iShares Expanded Tech-Software Sector ETF

The iShares North American Tech-Software ETF, previously named the iShares S&P North American Technology-Software Index Fund, is an exchange-traded fund aiming to mirror the performance and yield of the S&P North American Technology Software Index.

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