iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sets New 12-Month High – What’s Next?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $65.27 and last traded at $65.27, with a volume of 128690 shares trading hands. The stock had previously closed at $62.66.

iShares Cybersecurity and Tech ETF Stock Up 4.4%

The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The company’s 50 day moving average is $56.54 and its 200 day moving average is $49.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IHAK. Key Capital Management INC bought a new position in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. bought a new stake in shares of iShares Cybersecurity and Tech ETF in the fourth quarter valued at approximately $42,000. Waverly Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at approximately $44,000. Qube Research & Technologies Ltd acquired a new stake in iShares Cybersecurity and Tech ETF during the second quarter worth approximately $45,000. Finally, Sound Income Strategies LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the fourth 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.