iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – What’s Next?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Monday . Approximately 351,287 shares changed hands during mid-day trading, an increase of 95% from the previous session’s volume of 180,465 shares.The stock last traded at $65.70 and had previously closed at $65.41.

iShares Cybersecurity and Tech ETF Price Performance

The company has a fifty day moving average of $62.77 and a 200 day moving average of $53.67. The stock has a market cap of $1.06 billion, a P/E ratio of 26.03 and a beta of 0.80.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently modified their holdings of the company. Private Advisor Group LLC grew its stake 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 worth $1,366,000 after purchasing an additional 26,362 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter worth about $2,084,000. Annex Advisory Services LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the second quarter worth about $28,915,000. Anchor Investment Management LLC increased its position in shares of 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 acquiring an additional 310 shares in the last quarter. Finally, 1 North Wealth Services LLC increased its position in shares of iShares Cybersecurity and Tech ETF by 4.5% in the fourth quarter. 1 North Wealth Services LLC now owns 43,532 shares of the company’s stock worth $2,095,000 after acquiring an additional 1,891 shares in the last quarter.

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.