iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-strong trading volume on Wednesday . Approximately 166,671 shares changed hands during mid-day trading, an increase of 121% from the previous session’s volume of 75,249 shares.The stock last traded at $49.8250 and had previously closed at $49.69.

iShares Cybersecurity and Tech ETF Trading Up 0.6%

The firm’s fifty day simple moving average is $50.83 and its two-hundred day simple moving average is $51.46. The company has a market capitalization of $892.52 million, a price-to-earnings ratio of 26.03 and a beta of 0.83.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Private Wealth Asset Management LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF during the second quarter worth $40,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares Cybersecurity and Tech ETF during the second quarter worth $45,000. City Holding Co. purchased a new position in iShares Cybersecurity and Tech ETF in the third quarter valued at $52,000. Finally, AlphaCore Capital LLC acquired a new stake in iShares Cybersecurity and Tech ETF in the first quarter valued at $52,000.

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.