iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Trading Up 2.4% – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) were up 2.4% during mid-day trading on Monday . The stock traded as high as $49.46 and last traded at $48.94. Approximately 306,635 shares were traded during mid-day trading, an increase of 55% from the average daily volume of 197,684 shares. The stock had previously closed at $47.80.

iShares Cybersecurity and Tech ETF Price Performance

The company has a market cap of $773.25 million, a P/E ratio of 26.03 and a beta of 0.76. The company has a fifty day simple moving average of $44.78 and a 200-day simple moving average of $47.47.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Key Capital Management INC purchased a new position in iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $28,000. Raleigh Capital Management Inc. purchased a new position in iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $42,000. Qube Research & Technologies Ltd purchased a new position in iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $45,000. City Holding Co. purchased a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $52,000. Finally, Sound Income Strategies LLC purchased a new position in iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $54,000.

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.