iShares Expanded Tech-Software (IGV) Adds Oracle, Trims Microsoft on Nov. 4

This article first appeared on GuruFocus .

One ETF was buying versus 93 selling on Wednesday, Nov. 4, as iShares Expanded Tech-Software Sector ETF ( IGV ) recorded $201.9 million in gross ETF activity against $12.41 billion in assets. IGV added $9.8 million net, increasing one position and decreasing 93.

What did IGV buy on Wednesday?

• Warning! GuruFocus has detected 1 Warning Sign with PAAS.

• Is IGV fairly valued? Test your thesis with our free DCF calculator.

Its largest buys by dollar value were ORCL ($105.8 million).

What did IGV sell on Wednesday?

Its largest sells by dollar value were MSFT ($10.0 million), PANW ($9.2 million) and PLTR ($9.0 million).

Oracle was the fund's largest buy, a $105.8 million addition of 855,442 shares that lifted the position to 7.23% of assets; it was not a new holding. On the sell side, IGV cut Microsoft by 18,005 shares for $10.0 million, Palo Alto Networks by 26,421 shares for $9.2 million, Palantir Technologies Class A by 52,285 shares for $9.0 million, CrowdStrike Holdings Class A by 36,370 shares for $8.8 million and Salesforce by 19,214 shares for $4.4 million. None of the reported trades was a new position or a full exit.

How does IGV invest?

IGV is an Equity Sector Information Tech fund in the Equity asset class, holding 105 stocks, with 59.8% of assets in its 10 largest holdings. Technology accounts for 93.8% of the stocks that could be classified, Communication Services 4.1% and Financial Services 1.7%. By market cap, 90.9% is large-cap, 8.4% mid-cap and 0.7% small-cap. Its expense ratio is 0.38%, and top holdings include Microsoft at 9.4%, Palo Alto Networks at 8.63%, Palantir Technologies Class A at 8.42%, CrowdStrike Holdings Class A at 8.23% and Oracle at 7.23%. The fund has a GF Score of 84, a P/E of 36.36, a P/B of 6.16, a dividend yield of 0.03% and a year-to-date return of -6.3%.

iShares Expanded Tech-Software Sector ETF ( IGV ) at a glance