lifting something that we've been bullish on IGV as part of our Q3 Q4 software ware bottoming. IGV has heavy exposure to software and that expanded basically 102 stock ETF is up 7% today.
For an ETF with 102 stocks to be up 7% in a day is pretty remarkable.
I want to share a look at the IGV software exchange-traded fund, where you can see this upward gap and then our pullback last week of about 4.3%. There is a lot of activity in the software sector, mainly related to profits, but we are still above these low levels that were recorded in June and again in July. So, overall, our position here is very good.
What I did want to highlight here with IGV, which is the expanded tech software ETF, here we are with this week's 6% advance, and we are moving closer to regaining that high from last fall.
So, that is certainly very good news. We have a positive We're looking at a weekly chart. Positive RSI, and that just getting into positive territory. So, it is a group while it's had big move, there is more certainly on the horizon as far as the group maintaining this uptrend and trading higher.
And it's also really good for IGV. Now, I don't invest in IGV, so I'm not trying to talk my book on IGV or whatever. Uh IGV is just it's an interesting exposure for uh cyber security, big cyber security exposure because they've got PaloAlto Networks in there as well.
Uh and then you've got Palunteer in there and you got a lot of stocks. I mean, they probably got like I think they have 102 stocks in IGV. Uh they call it the expanded software ETF.
