iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Shares Up 0.9% – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price shot up 0.9% on Monday . The company traded as high as $45.19 and last traded at $45.14. 86,524 shares were traded during trading, a decline of 56% from the average session volume of 195,727 shares. The stock had previously closed at $44.73.

iShares Cybersecurity and Tech ETF Stock Performance

The firm has a market cap of $745.87 million, a price-to-earnings ratio of 26.03 and a beta of 0.80. The firm has a 50-day moving average price of $44.59 and a two-hundred day moving average price of $48.25.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several large investors have recently bought and sold shares of the stock. Anchor Investment Management LLC boosted its stake in iShares Cybersecurity and Tech ETF by 16.9% in the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after acquiring an additional 310 shares in the last quarter. Stenham Asset Management Ltd boosted its stake in iShares Cybersecurity and Tech ETF by 17.8% in the fourth quarter. Stenham Asset Management Ltd now owns 20,378 shares of the company’s stock valued at $981,000 after acquiring an additional 3,083 shares in the last quarter. Opus Financial Solutions LLC acquired a new position in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $203,000. Banco Bilbao Vizcaya Argentaria S.A. acquired a new position in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $486,000. Finally, Kovack Advisors Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $606,000.

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.