iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report)’s share price shot up 5.8% during mid-day trading on Monday . The stock traded as high as $64.94 and last traded at $64.9640. 102,353 shares were traded during trading, a decline of 43% from the average session volume of 178,142 shares. The stock had previously closed at $61.42.
iShares Cybersecurity and Tech ETF Stock Performance
The stock’s 50 day moving average price is $63.31 and its 200 day moving average price is $54.70. The company has a market capitalization of $1.11 billion, a P/E ratio of 26.03 and a beta of 0.81.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in IHAK. Bank of America Corp DE lifted its stake in shares of iShares Cybersecurity and Tech ETF by 0.8% in the 3rd quarter. Bank of America Corp DE now owns 1,846,910 shares of the company’s stock valued at $96,649,000 after purchasing an additional 15,129 shares during the period. Annex Advisory Services LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $28,915,000. Scotia Capital Inc. lifted its position in shares of iShares Cybersecurity and Tech ETF by 13.1% during the 3rd quarter. Scotia Capital Inc. now owns 153,529 shares of the company’s stock valued at $8,034,000 after acquiring an additional 17,803 shares during the period. Royal Bank of Canada boosted its stake in iShares Cybersecurity and Tech ETF by 4.0% during the first quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock worth $6,187,000 after acquiring an additional 5,511 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in iShares Cybersecurity and Tech ETF by 4.1% during the second quarter. Ameriprise Financial Inc. now owns 141,667 shares of the company’s stock worth $7,534,000 after acquiring an additional 5,560 shares in the last quarter.
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.
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