iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Shares Up 5.8% – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares shot up 5.8% during trading on Monday . The company traded as high as $64.94 and last traded at $64.9640. 102,353 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 178,142 shares. The stock had previously closed at $61.42.

iShares Cybersecurity and Tech ETF Stock Up 1.7%

The firm has a 50-day moving average of $63.43 and a two-hundred day moving average of $55.05. The company has a market capitalization of $1.12 billion, a PE ratio of 26.03 and a beta of 0.81.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several large investors have recently modified their holdings of the business. Annex Advisory Services LLC purchased a new position in iShares Cybersecurity and Tech ETF in the second quarter worth approximately $28,915,000. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at approximately $2,084,000. Private Advisor Group LLC raised its holdings in shares of iShares Cybersecurity and Tech ETF by 534.8% in the 1st 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. Capital Advisors Ltd. LLC raised its holdings in shares of iShares Cybersecurity and Tech ETF by 32,083.3% in the 1st quarter. Capital Advisors Ltd. LLC now owns 7,724 shares of the company’s stock valued at $337,000 after purchasing an additional 7,700 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its position in shares of iShares Cybersecurity and Tech ETF by 163.7% during the 1st quarter. Kestra Advisory Services LLC now owns 9,956 shares of the company’s stock worth $435,000 after purchasing an additional 6,180 shares during the last quarter.

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.