iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 1-Year High – What’s Next?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $67.35 and last traded at $66.72, with a volume of 79655 shares. The stock had previously closed at $65.58.

iShares Cybersecurity and Tech ETF Price Performance

The business’s fifty day moving average price is $60.28 and its two-hundred day moving average price is $51.86. The stock has a market capitalization of $1.11 billion, a PE ratio of 26.03 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IHAK. Key Capital Management INC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter worth about $28,000. Waverly Advisors LLC purchased a new stake in iShares Cybersecurity and Tech ETF in the first quarter valued at approximately $44,000. Qube Research & Technologies Ltd purchased a new stake in iShares Cybersecurity and Tech ETF in the second quarter valued at approximately $45,000. Cullen Frost Bankers Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the 4th quarter worth approximately $59,000. Finally, Bessemer Group Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the 1st quarter worth approximately $65,000.

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.