IGV Stock Summary and Trading Ideas (iShares Expanded Tech-Software Sector ETF | BATS:IGV)

The iShares Expanded Tech-Software Sector ETF seeks to track the investment results of an index composed of North American equities in the software industry and select North American equities from interactive home entertainment and interactive media and services industries.

iShares Expanded Tech-Software Sector ETF trades on the BATS stock market under the symbol IGV.

As of April 24, 2024, IGV stock price climbed to $80.94 with 2,231,812 million shares trading.

IGV has a beta of 1.42, meaning it tends to be more sensitive to market movements. IGV has a correlation of 0.68 to the broad based SPY ETF.

IGV has a market cap of $6.28 billion. This is considered a Mid Cap stock.

In the last 3 years, IGV stock traded as high as $89.76 and as low as $47.08.

IGV has outperformed the market in the last year with a return of +35.5%, while the SPY ETF gained +24.1%. However, in the most recent history, IGV shares have underperformed the stock market with its stock returning -4.3% in the last 3 month period and -3.2% for the last 2 week period, while SPY has returned +4.5% and -1.7%, respectively.

IGV support price is $79.79 and resistance is $81.93 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGV stock will trade within this expected range on the day.