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

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Thursday . 128,828 shares were traded during trading, a decline of 30% from the previous session’s volume of 182,948 shares.The stock last traded at $66.90 and had previously closed at $66.66.

iShares Cybersecurity and Tech ETF Stock Down 2.4%

The stock’s 50-day moving average price is $60.66 and its 200 day moving average price is $52.10. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Large investors have recently added to or reduced their stakes in the company. Annex Advisory Services LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the 2nd quarter worth approximately $28,915,000. Warner Financial Inc. increased its position in shares of iShares Cybersecurity and Tech ETF by 87.4% during the second quarter. Warner Financial Inc. now owns 9,850 shares of the company’s stock valued at $598,000 after purchasing an additional 4,595 shares during the period. Western Wealth Management LLC raised its stake in shares of iShares Cybersecurity and Tech ETF by 16.9% in the first quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $276,000 after purchasing an additional 913 shares in the last quarter. Royal Bank of Canada raised its stake in shares of iShares Cybersecurity and Tech ETF by 4.0% in the first quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock valued at $6,187,000 after purchasing an additional 5,511 shares in the last quarter. Finally, Waverly Advisors LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at $44,000.

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.