
With no changes to any of the iShares models this week, we look at the iShares North American Tech-Software ETF (IGV).
There are no changes to any of the iShares models this week. Over the last week, technology has moved back into the top three in the DALI sector rankings. Investors looking to take advantage of the strength of technology may wish to consider the iShares North American Tech-Software ETF (IGV).
IGV currently shows a strong 5.34 fund score, which is 0.78 points better than the average for all technology and communications funds, and a positive 2.36 score direction. On its default chart, the fund has completed two consecutive buy signals and reached a new all-time high last month. IGV has subsequently pulled back to the middle of its trading band, offering an entry point for long exposure. IGV’s top three holdings are Palantir Technologies (PLTR), Oracle (ORCL), and Microsoft (MSFT). All three of these stocks currently have a 5 for 5 technical attribute rating and combined account for more than 30% of the fund. Year-to-date (through 8/13) IGV has gained 9.41%