HighTower Advisors LLC decreased its stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Free Report) by 44.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 73,609 shares of the company’s stock after selling 59,684 shares during the period. HighTower Advisors LLC’s holdings in iShares Cybersecurity and Tech ETF were worth $3,542,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in IHAK. NewEdge Advisors LLC lifted its stake in iShares Cybersecurity and Tech ETF by 4.9% in the first quarter. NewEdge Advisors LLC now owns 8,318 shares of the company’s stock valued at $391,000 after buying an additional 390 shares during the period. Goldman Sachs Group Inc. lifted its stake in iShares Cybersecurity and Tech ETF by 63.4% in the first quarter. Goldman Sachs Group Inc. now owns 52,553 shares of the company’s stock valued at $2,469,000 after buying an additional 20,390 shares during the period. Jane Street Group LLC acquired a new position in iShares Cybersecurity and Tech ETF in the first quarter valued at about $2,255,000. Baird Financial Group Inc. raised its position in shares of iShares Cybersecurity and Tech ETF by 49.7% during the second quarter. Baird Financial Group Inc. now owns 51,752 shares of the company’s stock worth $2,754,000 after purchasing an additional 17,184 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the second quarter worth about $216,000.
iShares Cybersecurity and Tech ETF Price Performance
NYSEARCA IHAK opened at $57.78 on Friday. The firm has a market cap of $912.92 million, a P/E ratio of 26.03 and a beta of 0.76. The stock’s 50-day moving average is $48.30 and its 200-day moving average is $47.73. iShares Cybersecurity and Tech ETF has a one year low of $40.97 and a one year high of $57.91.
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.
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