iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – Still a Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-strong trading volume on Tuesday . Approximately 94,419 shares changed hands during trading, a decline of 1% from the previous session’s volume of 95,654 shares.The stock last traded at $49.0010 and had previously closed at $49.54.

iShares Cybersecurity and Tech ETF Stock Performance

The company has a market cap of $842.46 million, a price-to-earnings ratio of 26.03 and a beta of 0.83. The company has a fifty day moving average of $49.43 and a two-hundred day moving average of $51.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Private Wealth Asset Management LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 2nd quarter worth approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF during the second quarter worth $40,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Cybersecurity and Tech ETF in the second quarter worth $45,000. City Holding Co. acquired a new stake in iShares Cybersecurity and Tech ETF in the third quarter valued at $52,000. Finally, North Star Investment Management Corp. raised its position in iShares Cybersecurity and Tech ETF by 1,020.0% during the 2nd quarter. North Star Investment Management Corp. now owns 1,120 shares of the company’s stock worth $60,000 after purchasing an additional 1,020 shares during the last quarter.

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.