iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Here’s Why

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report) saw strong trading volume on Monday . 351,287 shares changed hands during trading, an increase of 95% from the previous session’s volume of 180,465 shares.The stock last traded at $65.70 and had previously closed at $65.41.

iShares Cybersecurity and Tech ETF Stock Performance

The business has a fifty day moving average of $62.35 and a 200-day moving average of $53.40. The company has a market capitalization of $1.10 billion, a P/E ratio of 26.03 and a beta of 0.80.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Annex Advisory Services LLC bought a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at about $28,915,000. Jane Street Group LLC raised its stake in shares of iShares Cybersecurity and Tech ETF by 268.9% in the fourth quarter. Jane Street Group LLC now owns 88,948 shares of the company’s stock worth $4,280,000 after purchasing an additional 64,835 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter worth approximately $2,084,000. NorthRock Partners LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 24,940.1% in the third quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock valued at $1,926,000 after purchasing an additional 36,662 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 534.8% in the first quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after purchasing an additional 26,362 shares in the last quarter.

iShares Cybersecurity and Tech ETF Company Profile

(Get Free Report)

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.

Further Reading

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