iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 1-Year High – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $61.94 and last traded at $61.67, with a volume of 71305 shares trading hands. The stock had previously closed at $60.71.

iShares Cybersecurity and Tech ETF Stock Performance

The company has a market capitalization of $984.50 million, a P/E ratio of 26.03 and a beta of 0.82. The stock has a 50 day moving average price of $53.73 and a 200 day moving average price of $48.83.

Institutional Trading of iShares Cybersecurity and Tech ETF

A number of large investors have recently added to or reduced their stakes in the stock. Key Capital Management INC bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter worth about $28,000. Raleigh Capital Management Inc. bought a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at approximately $42,000. Waverly Advisors LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $44,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $45,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $54,000.

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.