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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAKGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 93,193 shares changed hands during trading, an increase of 23% from the previous session’s volume of 75,566 shares.The stock last traded at $49.1880 and had previously closed at $49.63.

iShares Cybersecurity and Tech ETF Stock Down 0.4%

The company has a market cap of $882.04 million, a PE ratio of 26.03 and a beta of 0.83. The business has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $51.43.

Institutional Trading of iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sava Penzisko Drushtvo A.D. Skopje acquired a new stake in iShares Cybersecurity and Tech ETF during the third quarter worth $16,709,000. Scotia Capital Inc. increased its position in shares of iShares Cybersecurity and Tech ETF by 2,704.8% during the 2nd quarter. Scotia Capital Inc. now owns 135,726 shares of the company’s stock worth $7,222,000 after purchasing an additional 130,887 shares during the last quarter. Osaic Holdings Inc. raised its holdings in iShares Cybersecurity and Tech ETF by 189.4% in the 2nd quarter. Osaic Holdings Inc. now owns 146,412 shares of the company’s stock valued at $7,793,000 after buying an additional 95,827 shares during the period. Jane Street Group LLC acquired a new position in iShares Cybersecurity and Tech ETF in the first quarter valued at about $2,255,000. Finally, NorthRock Partners LLC increased its position in shares of iShares Cybersecurity and Tech ETF by 24,940.1% during the third quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock valued at $1,926,000 after acquiring an additional 36,662 shares during the last quarter.

About iShares Cybersecurity and Tech ETF

(Get Free Report)

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.

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