Ellis Investment Partners LLC acquired a new stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Free Report) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 15,180 shares of the company’s stock, valued at approximately $1,026,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IHAK. Private Advisor Group LLC lifted its stake in shares of iShares Cybersecurity and Tech ETF by 534.8% in the 1st quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after purchasing an additional 26,362 shares during the period. Janney Montgomery Scott LLC acquired a new position in iShares Cybersecurity and Tech ETF during the first quarter valued at approximately $2,084,000. Annex Advisory Services LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the second quarter worth $28,915,000. Titleist Asset Management LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter valued at $1,456,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in iShares Cybersecurity and Tech ETF during the third quarter worth about $1,405,000.
iShares Cybersecurity and Tech ETF Stock Performance
NYSEARCA IHAK traded up $2.12 during trading hours on Wednesday, reaching $70.26. 67,353 shares of the company’s stock were exchanged, compared to its average volume of 180,382. iShares Cybersecurity and Tech ETF has a one year low of $40.97 and a one year high of $73.51. The company’s 50-day moving average is $66.34 and its two-hundred day moving average is $59.29. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.
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.
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