iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw unusually-high trading volume on Wednesday. Approximately 544,959 shares were traded during mid-day trading, an increase of 198% from the average daily volume of 183,056 shares. The stock last traded at $76.4770 and had previously closed at $77.22.

iShares Cybersecurity and Tech ETF Price Performance

The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The business’s 50-day simple moving average is $67.12 and its two-hundred day simple moving average is $55.73.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently added to or reduced their stakes in the business. Latitude Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter worth approximately $62,000. Penobscot Investment Management Company Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter valued at about $582,000. B.O.S.S. Retirement Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter valued at about $212,000. Howland Capital Management LLC acquired a new position in iShares Cybersecurity and Tech ETF in the third quarter worth about $6,252,000. Finally, Crescent Grove Advisors LLC acquired a new position in iShares Cybersecurity and Tech ETF in the third quarter worth about $1,712,000.

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.