Bank of America Corp DE Raises Stock Holdings in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Bank of America Corp DE raised its position in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,719,224 shares of the company’s stock after purchasing an additional 236,973 shares during the period. Bank of America Corp DE owned about 0.10% of iShares Cybersecurity and Tech ETF worth $83,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management raised its stake in shares of iShares Cybersecurity and Tech ETF by 2.6% during the fourth quarter. Triumph Capital Management now owns 8,261 shares of the company’s stock worth $403,000 after purchasing an additional 213 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of iShares Cybersecurity and Tech ETF by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,911 shares of the company’s stock worth $240,000 after purchasing an additional 215 shares during the last quarter. IFP Advisors Inc raised its stake in shares of iShares Cybersecurity and Tech ETF by 12.4% during the fourth quarter. IFP Advisors Inc now owns 2,243 shares of the company’s stock worth $109,000 after purchasing an additional 248 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of iShares Cybersecurity and Tech ETF by 27.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,561 shares of the company’s stock worth $76,000 after purchasing an additional 333 shares during the last quarter. Finally, BTG Pactual Asset Management US LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $25,000.

iShares Cybersecurity and Tech ETF Price Performance

iShares Cybersecurity and Tech ETF stock opened at $50.10 on Monday. The business has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $49.31. iShares Cybersecurity and Tech ETF has a 12 month low of $41.87 and a 12 month high of $53.01. The stock has a market capitalization of $951.90 million, a PE ratio of 25.06 and a beta of 0.88.

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.