iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) shares saw unusually-strong trading volume on Wednesday. Approximately 529,310 shares changed hands during mid-day trading, an increase of 198% from the previous session’s volume of 177,360 shares. The stock last traded at $69.1260 and had previously closed at $70.74.
iShares Cybersecurity and Tech ETF Price Performance
The company has a market cap of $1.19 billion, a PE ratio of 26.03 and a beta of 0.80. The business’s 50 day moving average is $65.12 and its 200-day moving average is $57.50.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the business. Planning Strategies Inc. acquired a new stake in iShares Cybersecurity and Tech ETF during the third quarter worth approximately $105,000. Annex Advisory Services LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF during the second quarter worth about $28,915,000. Warner Financial Inc. increased its position in shares of iShares Cybersecurity and Tech ETF by 87.4% during the second quarter. Warner Financial Inc. now owns 9,850 shares of the company’s stock worth $598,000 after purchasing an additional 4,595 shares in the last quarter. Western Wealth Management LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 16.9% in the 1st quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $276,000 after purchasing an additional 913 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of iShares Cybersecurity and Tech ETF by 4.0% in the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock valued at $6,187,000 after purchasing an additional 5,511 shares during the period.
iShares Cybersecurity and Tech ETF Company Profile
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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