Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 94,419 shares traded hands during mid-day trading, a decline of 1% from the previous session’s volume of 95,654 shares.The stock last traded at $49.0010 and had previously closed at $49.54.
iShares Cybersecurity and Tech ETF Stock Performance
The business has a 50 day moving average of $49.43 and a 200-day moving average of $51.05. The company has a market capitalization of $842.46 million, a P/E ratio of 26.03 and a beta of 0.83.
Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF
Hedge funds have recently bought and sold shares of the company. Triumph Capital Management purchased a new position in iShares Cybersecurity and Tech ETF during the third quarter valued at approximately $126,000. Advisory Services Network LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter valued at $136,000. NewEdge Advisors LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 4.0% in the third quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock worth $506,000 after purchasing an additional 370 shares during the period. Susquehanna International Group LLP raised its position in shares of iShares Cybersecurity and Tech ETF by 45.9% in the third quarter. Susquehanna International Group LLP now owns 9,437 shares of the company’s stock worth $494,000 after buying an additional 2,968 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Cybersecurity and Tech ETF by 22.8% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 13,293 shares of the company’s stock worth $696,000 after buying an additional 2,470 shares in the last quarter.
About iShares Cybersecurity and Tech ETF
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.
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