Of the 175 key ETFs that we track, just one made a new all-time high on Tuesday – the iShares Expanded Tech-Software Sector ETF (IGV) .
IGV, thus, was the first major technology ETF to hit new highs after a very turbulent past few months.
Before Tuesday, IGV's last all-time high happened way back in November 21 (nearly three years ago), when the ETF hit an intra-day high of $89.76.
For some context, while the SPDR Technology ETF (XLK) hit a low on the same day in November 202222, its snapback unfolded much more quickly.
XLK hit a new all-time high way back in July 2023 and has kept going.
Persons:
IGV's, XLK, IGV, it's, Frank Cappelleri
Organizations:
Software Sector, Technology, RSI, CNBC, NBC UNIVERSAL