iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 52-Week High – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) hit a new 52-week high during trading on Friday. The stock traded as high as $73.53 and last traded at $73.3590, with a volume of 240,740 shares traded. The stock had previously closed at $71.04.

iShares Cybersecurity and Tech ETF Stock Performance

The stock’s fifty day moving average price is $66.47 and its 200-day moving average price is $59.66. The firm has a market cap of $1.27 billion, a PE ratio of 26.03 and a beta of 0.80.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of hedge funds and other institutional investors have recently modified their holdings of IHAK. Triumph Capital Management acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter valued at approximately $67,000. Waverly Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter worth approximately $44,000. Activest Wealth Management acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $88,000. Bessemer Group Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter worth approximately $65,000. Finally, Planning Strategies Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $105,000.

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.