iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Shares Down 3.7% – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price dropped 3.7% during mid-day trading on Tuesday . The stock traded as low as $44.19 and last traded at $44.73. Approximately 236,068 shares were traded during trading, an increase of 66% from the average daily volume of 142,494 shares. The stock had previously closed at $46.45.

iShares Cybersecurity and Tech ETF Stock Down 3.7%

The stock’s 50-day moving average price is $48.75 and its 200 day moving average price is $50.52. The firm has a market cap of $746.99 million, a price-to-earnings ratio of 26.03 and a beta of 0.83.

Institutional Trading of iShares Cybersecurity and Tech ETF

A number of hedge funds have recently modified their holdings of IHAK. Key Capital Management INC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter valued at approximately $28,000. Private Wealth Asset Management LLC bought a new stake in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $40,000. Raleigh Capital Management Inc. acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at $42,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter worth about $45,000.

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.