iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 1-Year High – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares reached a new 52-week high on Wednesday . The stock traded as high as $68.55 and last traded at $67.6940, with a volume of 56468 shares changing hands. The stock had previously closed at $67.81.

iShares Cybersecurity and Tech ETF Price Performance

The stock’s 50 day simple moving average is $63.79 and its two-hundred day simple moving average is $55.86. The stock has a market capitalization of $1.14 billion, a PE ratio of 26.03 and a beta of 0.81.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Annex Advisory Services LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the second quarter valued at $28,915,000. Royal Bank of Canada increased its holdings in iShares Cybersecurity and Tech ETF by 4.0% in the 1st 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 during the last quarter. Janney Montgomery Scott LLC bought a new stake in iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $2,084,000. 1 North Wealth Services LLC raised its stake in iShares Cybersecurity and Tech ETF by 4.5% in the 4th quarter. 1 North Wealth Services LLC now owns 43,532 shares of the company’s stock valued at $2,095,000 after acquiring an additional 1,891 shares during the period. Finally, Lido Advisors LLC lifted its holdings in iShares Cybersecurity and Tech ETF by 5.2% during the first quarter. Lido Advisors LLC now owns 38,566 shares of the company’s stock valued at $1,683,000 after purchasing an additional 1,905 shares during the last quarter.

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.