iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) saw unusually-high trading volume on Wednesday. Approximately 529,310 shares traded hands during trading, an increase of 198% from the previous session’s volume of 177,360 shares. The stock last traded at $69.1260 and had previously closed at $70.74.
iShares Cybersecurity and Tech ETF Stock Performance
The firm’s 50-day moving average is $65.12 and its 200 day moving average is $57.50. The stock has a market cap of $1.19 billion, a PE ratio of 26.03 and a beta of 0.80.
Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Waverly Advisors LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $44,000. Bessemer Group Inc. acquired a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at approximately $65,000. Anchor Investment Management LLC raised its stake in shares of iShares Cybersecurity and Tech ETF by 16.9% during the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock worth $103,000 after purchasing an additional 310 shares during the last quarter. Planning Strategies Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter worth $105,000. Finally, PFG Investments LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 16.5% during the first quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock worth $212,000 after purchasing an additional 689 shares during the period.
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.
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