Hanseatic Management Services Inc. Makes New $2.41 Million Investment in iShares Expanded Tech-Software Sector ETF $IGV

Hanseatic Management Services Inc. bought a new stake in iShares Expanded Tech-Software Sector ETF (BATS:IGV) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,669 shares of the company’s stock, valued at approximately $2,414,000. iShares Expanded Tech-Software Sector ETF comprises 1.6% of Hanseatic Management Services Inc.’s holdings, making the stock its 13th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ninety One UK Ltd bought a new position in shares of iShares Expanded Tech-Software Sector ETF during the third quarter worth about $50,789,000. Ayalon Insurance Comp Ltd. lifted its position in iShares Expanded Tech-Software Sector ETF by 50.2% in the 3rd quarter. Ayalon Insurance Comp Ltd. now owns 388,765 shares of the company’s stock valued at $41,396,000 after purchasing an additional 129,914 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in iShares Expanded Tech-Software Sector ETF by 24.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 250,052 shares of the company’s stock valued at $20,017,000 after purchasing an additional 48,613 shares during the last quarter. Ninety One SA Pty Ltd boosted its stake in iShares Expanded Tech-Software Sector ETF by 105.2% during the 3rd quarter. Ninety One SA Pty Ltd now owns 165,865 shares of the company’s stock valued at $17,699,000 after purchasing an additional 85,016 shares during the period. Finally, Aurora Investment Managers LLC. acquired a new position in iShares Expanded Tech-Software Sector ETF during the 2nd quarter valued at about $6,910,000.

iShares Expanded Tech-Software Sector ETF Trading Up 0.1%

BATS IGV opened at $111.91 on Thursday. iShares Expanded Tech-Software Sector ETF has a 52 week low of $73.93 and a 52 week high of $116.32. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 45.14 and a beta of 1.15. The company has a 50-day moving average price of $106.84 and a two-hundred day moving average price of $94.10.

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.