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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $56.57 and last traded at $55.84, with a volume of 18398 shares traded. The stock had previously closed at $56.03.

iShares Cybersecurity and Tech ETF Trading Up 1.7%

The company has a market cap of $899.97 million, a PE ratio of 26.03 and a beta of 0.76. The firm has a 50 day moving average of $47.36 and a two-hundred day moving average of $47.55.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in iShares Cybersecurity and Tech ETF by 0.6% during the 2nd quarter. Raymond James Financial Inc. now owns 46,182 shares of the company’s stock valued at $2,457,000 after purchasing an additional 295 shares during the last quarter. PFG Investments LLC boosted its stake in iShares Cybersecurity and Tech ETF by 7.8% during the 4th quarter. PFG Investments LLC now owns 4,171 shares of the company’s stock valued at $201,000 after purchasing an additional 301 shares during the last quarter. Anchor Investment Management LLC boosted its stake in iShares Cybersecurity and Tech ETF by 16.9% during the 4th quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after purchasing an additional 310 shares during the last quarter. NewEdge Advisors LLC boosted its stake in iShares Cybersecurity and Tech ETF by 4.0% during the 3rd quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock valued at $506,000 after purchasing an additional 370 shares during the last quarter. Finally, Key Capital Management INC purchased a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter valued at $28,000.

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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