iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sets New 1-Year High – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $61.94 and last traded at $61.67, with a volume of 71305 shares changing hands. The stock had previously closed at $60.71.

iShares Cybersecurity and Tech ETF Stock Performance

The firm’s 50-day moving average is $54.30 and its 200 day moving average is $49.00. The stock has a market cap of $952.77 million, a PE ratio of 26.03 and a beta of 0.80.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IHAK. Key Capital Management INC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at approximately $28,000. Raleigh Capital Management Inc. purchased a new position in iShares Cybersecurity and Tech ETF in the fourth quarter worth $42,000. Waverly Advisors LLC purchased a new position in iShares Cybersecurity and Tech ETF in the first quarter worth $44,000. Qube Research & Technologies Ltd acquired a new stake in iShares Cybersecurity and Tech ETF in the second quarter valued at $45,000. Finally, Sound Income Strategies LLC acquired a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $54,000.

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.