iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 12-Month High – Still a Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report)’s share price reached a new 52-week high on Wednesday . The company traded as high as $68.55 and last traded at $67.6940, with a volume of 56468 shares changing hands. The stock had previously closed at $67.81.

iShares Cybersecurity and Tech ETF Trading Up 1.0%

The firm has a market cap of $1.14 billion, a P/E ratio of 26.03 and a beta of 0.81. The business’s fifty day simple moving average is $63.79 and its 200-day simple moving average is $55.86.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Waverly Advisors LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter valued at $44,000. Bessemer Group Inc. purchased a new position in iShares Cybersecurity and Tech ETF in the first quarter worth $65,000. Anchor Investment Management LLC increased its stake in iShares Cybersecurity and Tech ETF by 16.9% in the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after acquiring an additional 310 shares during the last quarter. PFG Investments LLC increased its stake in iShares Cybersecurity and Tech ETF by 16.5% in the first quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock valued at $212,000 after acquiring an additional 689 shares during the last quarter. Finally, Western Wealth Management LLC raised its position in iShares Cybersecurity and Tech ETF by 16.9% during the first quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $276,000 after purchasing an additional 913 shares in the last quarter.

About iShares Cybersecurity and Tech ETF

(Get Free Report)

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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