iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Trading Up 0.3% – Still a Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report)’s share price were up 0.3% during trading on Monday . The stock traded as high as $49.75 and last traded at $49.54. Approximately 109,003 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 97,929 shares. The stock had previously closed at $49.40.

iShares Cybersecurity and Tech ETF Price Performance

The firm has a market capitalization of $852.09 million, a P/E ratio of 26.03 and a beta of 0.83. The firm has a 50-day moving average price of $49.43 and a two-hundred day moving average price of $51.05.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several institutional investors and hedge funds have recently modified their holdings of IHAK. Sava Penzisko Drushtvo A.D. Skopje bought a new stake in iShares Cybersecurity and Tech ETF during the 3rd quarter valued at $16,709,000. Scotia Capital Inc. increased its stake in shares of iShares Cybersecurity and Tech ETF by 2,704.8% during the second quarter. Scotia Capital Inc. now owns 135,726 shares of the company’s stock valued at $7,222,000 after buying an additional 130,887 shares during the period. Osaic Holdings Inc. raised its holdings in shares of iShares Cybersecurity and Tech ETF by 189.4% in the second quarter. Osaic Holdings Inc. now owns 146,412 shares of the company’s stock valued at $7,793,000 after acquiring an additional 95,827 shares in the last quarter. Jane Street Group LLC purchased a new stake in iShares Cybersecurity and Tech ETF in the first quarter worth about $2,255,000. Finally, NorthRock Partners LLC grew its holdings in iShares Cybersecurity and Tech ETF by 24,940.1% during the 3rd quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock worth $1,926,000 after acquiring an additional 36,662 shares in the last quarter.

About iShares Cybersecurity and Tech ETF

(Get Free Report)

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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