iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Shares Up 5.8% – Here’s What Happened

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report) were up 5.8% on Monday . The company traded as high as $64.94 and last traded at $64.9640. 102,353 shares traded hands during trading, a decline of 43% from the average daily volume of 178,142 shares. The stock had previously closed at $61.42.

iShares Cybersecurity and Tech ETF Stock Up 8.1%

The company has a 50 day moving average price of $63.31 and a 200-day moving average price of $54.70. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 26.03 and a beta of 0.81.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently modified their holdings of the business. Annex Advisory Services LLC bought a new position in iShares Cybersecurity and Tech ETF during the 2nd quarter worth $28,915,000. Jane Street Group LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 268.9% in the 4th quarter. Jane Street Group LLC now owns 88,948 shares of the company’s stock valued at $4,280,000 after buying an additional 64,835 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $2,084,000. NorthRock Partners LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 24,940.1% in the third quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock valued at $1,926,000 after buying an additional 36,662 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 534.8% in the first quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after buying an additional 26,362 shares during the period.

About iShares Cybersecurity and Tech ETF

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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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