iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sets New 12-Month High – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $68.55 and last traded at $67.6940, with a volume of 56468 shares. The stock had previously closed at $67.81.

iShares Cybersecurity and Tech ETF Trading Down 0.9%

The stock has a market capitalization of $1.16 billion, a PE ratio of 26.03 and a beta of 0.81. The business’s 50 day moving average is $63.98 and its 200 day moving average is $56.19.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Waverly Advisors LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter worth approximately $44,000. Bessemer Group Inc. purchased a new position in iShares Cybersecurity and Tech ETF during the 1st quarter valued at $65,000. Anchor Investment Management LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 16.9% during the 4th quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after acquiring an additional 310 shares during the period. PFG Investments LLC grew its position in iShares Cybersecurity and Tech ETF by 16.5% in the 1st quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock valued at $212,000 after acquiring an additional 689 shares during the last quarter. Finally, Western Wealth Management LLC grew its position in 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 acquiring an additional 913 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.