iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 52-Week High – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $64.34 and last traded at $63.97, with a volume of 147431 shares. The stock had previously closed at $62.07.

iShares Cybersecurity and Tech ETF Stock Performance

The company has a 50-day moving average of $54.58 and a 200-day moving average of $49.09. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IHAK. Key Capital Management INC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $28,000. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth $42,000. Waverly Advisors LLC purchased a new position in iShares Cybersecurity and Tech ETF in the 1st quarter valued at $44,000. Qube Research & Technologies Ltd purchased a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $45,000. Finally, Sound Income Strategies LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 4th quarter valued at $54,000.

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.