iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw unusually-high trading volume on Tuesday . Approximately 130,662 shares were traded during trading, an increase of 75% from the previous session’s volume of 74,674 shares.The stock last traded at $49.0750 and had previously closed at $48.73.

iShares Cybersecurity and Tech ETF Trading Up 1.1%

The company has a market capitalization of $879.65 million, a P/E ratio of 26.03 and a beta of 0.83. The firm has a fifty day moving average of $51.18 and a 200 day moving average of $51.56.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Sava Penzisko Drushtvo A.D. Skopje purchased a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter valued at approximately $16,709,000. Scotia Capital Inc. lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 2,704.8% in the 2nd quarter. Scotia Capital Inc. now owns 135,726 shares of the company’s stock valued at $7,222,000 after acquiring an additional 130,887 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of iShares Cybersecurity and Tech ETF by 189.4% in the 2nd quarter. Osaic Holdings Inc. now owns 146,412 shares of the company’s stock valued at $7,793,000 after purchasing an additional 95,827 shares during the last quarter. Jane Street Group LLC purchased a new position in iShares Cybersecurity and Tech ETF during the first quarter worth $2,255,000. Finally, NorthRock Partners LLC boosted its stake in shares of iShares Cybersecurity and Tech ETF by 24,940.1% during the 3rd quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock worth $1,926,000 after purchasing an additional 36,662 shares during the period.

iShares Cybersecurity and Tech ETF Company Profile

The iShares Cybersecurity and Tech ETF (IHAK) is an exchange-traded fund that is based on the NYSE FactSet Global Cyber Security index. The fund tracks a market cap-selected and -weighted index of large- and mid-cap companies involved in cyber hardware and software. IHAK was launched on Jun 11, 2019 and is managed by BlackRock.