(IGV) iShares Expanded - Ratings and Ratios

The iShares Expanded Tech-Software Sector ETF (BATS:IGV) is a non-diversified exchange-traded fund designed to provide exposure to U.S.-traded software stocks and select companies in the interactive home entertainment and interactive media and services sub-industries in the U.S. and Canada. The fund typically invests at least 80% of its assets in the component securities of its underlying index or in investments with economic characteristics substantially identical to those securities. The underlying index tracks the performance of companies in the software industry and related sub-industries, offering a targeted approach to investing in the technology sector. The fund is managed by BlackRock and has an expense ratio of 0.47%, with a focus on delivering returns that correspond to the price and yield performance of its underlying index.

From a technical perspective, IGV is currently trading at $88.81 with an average 20-day volume of 6,996,250 shares. The funds short-term trend, as indicated by its 20-day moving average of $87.47, suggests a recent upward movement. However, its 50-day moving average of $93.20 and 200-day moving average of $93.93 indicate a longer-term downward trend. The Average True Range (ATR) of 3.57 highlights the funds volatility, providing insight into potential price fluctuations.

Fundamentally, IGV has assets under management (AUM) of $9,919.99 million, reflecting its popularity among investors seeking exposure to the software and related technology sectors. This substantial AUM underscores the funds liquidity and investor confidence in its strategy.

Based on the analysis of and , the 3-month forecast for IGV suggests cautious optimism. Technically, the fund may face resistance near its 50-day moving average of $93.20, while support could be found near its 200-day moving average of $93.93. The ATR of 3.57 suggests potential price swings, with an expected range between $85.24 and $92.38 over the next three months. Fundamentally, the continued demand for software and technology solutions could support the funds performance, despite broader market volatility.