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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-strong trading volume on Friday . 544,717 shares changed hands during trading, an increase of 199% from the previous session’s volume of 181,973 shares.The stock last traded at $56.20 and had previously closed at $55.12.

iShares Cybersecurity and Tech ETF Trading Up 3.0%

The company has a market cap of $896.81 million, a P/E ratio of 26.03 and a beta of 0.82. The company’s 50-day moving average price is $52.94 and its two-hundred day moving average price is $48.64.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Key Capital Management INC bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $28,000. Raleigh Capital Management Inc. bought a new position in iShares Cybersecurity and Tech ETF during the 4th quarter valued at $42,000. Waverly Advisors LLC acquired a new position in iShares Cybersecurity and Tech ETF during the first quarter worth about $44,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter worth approximately $45,000. Finally, Sound Income Strategies LLC acquired a new position in iShares Cybersecurity and Tech ETF in the fourth quarter worth approximately $54,000.

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.