iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – What’s Next?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw strong trading volume on Tuesday . 130,662 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 74,674 shares.The stock last traded at $49.0750 and had previously closed at $48.73.

iShares Cybersecurity and Tech ETF Trading Up 1.1%

The business’s 50 day moving average price is $51.18 and its two-hundred day moving average price is $51.56. The stock has a market cap of $879.65 million, a P/E ratio of 26.03 and a beta of 0.83.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IHAK. Ameritas Advisory Services LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the second quarter worth $40,000. AE Wealth Management LLC increased its stake in iShares Cybersecurity and Tech ETF by 527.5% in the 2nd quarter. AE Wealth Management LLC now owns 9,231 shares of the company’s stock worth $491,000 after acquiring an additional 7,760 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in iShares Cybersecurity and Tech ETF by 25.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,763 shares of the company’s stock valued at $471,000 after purchasing an additional 1,763 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at about $251,000. Finally, Truist Financial Corp lifted its stake in shares of iShares Cybersecurity and Tech ETF by 9.6% in the 2nd quarter. Truist Financial Corp now owns 14,073 shares of the company’s stock valued at $749,000 after purchasing an additional 1,237 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.