iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) shares saw an uptick in trading volume on Wednesday. Approximately 529,310 shares were traded during mid-day trading, an increase of 198% from the previous session’s volume of 177,360 shares. The stock last traded at $69.1260 and had previously closed at $70.74.
iShares Cybersecurity and Tech ETF Stock Performance
The business’s 50 day moving average is $65.53 and its 200-day moving average is $57.85. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.
Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC boosted its stake in iShares Cybersecurity and Tech ETF by 534.8% during the 1st quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after purchasing an additional 26,362 shares during the period. Janney Montgomery Scott LLC bought a new position in iShares Cybersecurity and Tech ETF in the 1st quarter worth approximately $2,084,000. Annex Advisory Services LLC bought a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter worth approximately $28,915,000. Titleist Asset Management LLC bought a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $1,456,000. Finally, Waverly Advisors LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF during the first quarter worth approximately $44,000.
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.
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