iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume – Here’s Why

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw strong trading volume on Tuesday. 314,089 shares changed hands during trading, an increase of 74% from the previous session’s volume of 180,614 shares. The stock last traded at $67.7890 and had previously closed at $67.46.

iShares Cybersecurity and Tech ETF Price Performance

The company has a market cap of $1.21 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The firm has a fifty day simple moving average of $66.41 and a 200 day simple moving average of $59.47.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several large investors have recently modified their holdings of the company. Silver Oak Securities Incorporated grew its stake in iShares Cybersecurity and Tech ETF by 7.8% in the 1st quarter. Silver Oak Securities Incorporated now owns 8,953 shares of the company’s stock valued at $391,000 after buying an additional 648 shares during the last quarter. PFG Investments LLC lifted its position in iShares Cybersecurity and Tech ETF by 16.5% during the 1st quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock worth $212,000 after acquiring an additional 689 shares during the last quarter. Western Wealth Management LLC lifted its position in iShares Cybersecurity and Tech ETF by 16.9% during the 1st quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock worth $276,000 after acquiring an additional 913 shares during the last quarter. Triumph Capital Management acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth $67,000. Finally, Waverly Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF during the first quarter valued at about $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.