Nelson Capital Management LLC Makes New Investment in iShares Cybersecurity and Tech ETF $IHAK

Nelson Capital Management LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 91,620 shares of the company’s stock, valued at approximately $6,195,000. iShares Cybersecurity and Tech ETF accounts for about 0.6% of Nelson Capital Management LLC’s holdings, making the stock its 26th largest holding. Nelson Capital Management LLC owned approximately 0.54% of iShares Cybersecurity and Tech ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IHAK. Annex Advisory Services LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter valued at $69,418,000. Royal Bank of Canada raised its stake in 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 worth $6,187,000 after acquiring an additional 5,511 shares during the last quarter. Howland Capital Management LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter worth about $6,252,000. Crosspoint Financial LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter worth about $3,106,000. Finally, Commonwealth Equity Services LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter worth about $2,880,000.

iShares Cybersecurity and Tech ETF Price Performance

iShares Cybersecurity and Tech ETF stock traded down $0.37 during trading hours on Friday, hitting $67.97. 180,978 shares of the stock traded hands, compared to its average volume of 195,178. The firm’s 50 day moving average price is $68.79 and its 200-day moving average price is $57.13. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 31.88 and a beta of 0.77. iShares Cybersecurity and Tech ETF has a 1 year low of $40.97 and a 1 year high of $77.73.

iShares Cybersecurity and Tech ETF 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.