iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 52-Week High – Here’s Why

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) reached a new 52-week high on Wednesday . The stock traded as high as $66.26 and last traded at $65.55, with a volume of 55206 shares trading hands. The stock had previously closed at $64.47.

iShares Cybersecurity and Tech ETF Stock Up 1.6%

The stock’s 50 day moving average is $59.38 and its two-hundred day moving average is $51.12. The company has a market capitalization of $1.09 billion, a PE ratio of 26.03 and a beta of 0.80.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. lifted its position in shares of iShares Cybersecurity and Tech ETF by 0.6% in the 2nd quarter. Raymond James Financial Inc. now owns 46,182 shares of the company’s stock worth $2,457,000 after purchasing an additional 295 shares during the period. PFG Investments LLC increased its holdings in iShares Cybersecurity and Tech ETF by 7.8% during the fourth quarter. PFG Investments LLC now owns 4,171 shares of the company’s stock valued at $201,000 after buying an additional 301 shares during the period. Anchor Investment Management LLC raised its stake in iShares Cybersecurity and Tech ETF by 16.9% in the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock worth $103,000 after buying an additional 310 shares in the last quarter. NewEdge Advisors LLC raised its stake in iShares Cybersecurity and Tech ETF by 4.0% in the third quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock worth $506,000 after buying an additional 370 shares in the last quarter. Finally, Key Capital Management INC bought a new position in iShares Cybersecurity and Tech ETF in the fourth quarter worth approximately $28,000.

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.