iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase

Posted by Alanna Baker on May 26th, 2023

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Rating) saw strong trading volume on Friday . 43,039 shares traded hands during trading, a decline of 50% from the previous session’s volume of 85,690 shares.The stock last traded at $36.27 and had previously closed at $35.62.

iShares Cybersecurity and Tech ETF Trading Up 3.2 %

The business’s fifty day simple moving average is $34.89 and its 200-day simple moving average is $34.40. The firm has a market cap of $556.76 million, a P/E ratio of 28.57 and a beta of 0.82.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its position in iShares Cybersecurity and Tech ETF by 114.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 39,769 shares of the company’s stock valued at $1,698,000 after buying an additional 21,232 shares during the period. HighTower Advisors LLC boosted its position in iShares Cybersecurity and Tech ETF by 60.6% during the first quarter. HighTower Advisors LLC now owns 29,240 shares of the company’s stock valued at $1,245,000 after buying an additional 11,031 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 69.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,712 shares of the company’s stock worth $116,000 after purchasing an additional 1,116 shares during the period. Bank of Montreal Can boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 9.7% during the first quarter. Bank of Montreal Can now owns 51,780 shares of the company’s stock worth $2,235,000 after purchasing an additional 4,591 shares during the period. Finally, Vontobel Holding Ltd. purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the first quarter worth about $1,387,000.

About iShares Cybersecurity and Tech ETF

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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.