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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw an uptick in trading volume on Monday . 145,980 shares traded hands during mid-day trading, a decline of 28% from the previous session’s volume of 201,639 shares.The stock last traded at $44.67 and had previously closed at $44.56.

iShares Cybersecurity and Tech ETF Trading Down 0.4%

The firm has a 50 day moving average price of $46.05 and a 200-day moving average price of $49.15. The firm has a market cap of $740.81 million, a price-to-earnings ratio of 26.03 and a beta of 0.83.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Anchor Investment Management LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 16.9% in the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after purchasing an additional 310 shares in the last quarter. Stenham Asset Management Ltd raised its position in shares of iShares Cybersecurity and Tech ETF by 17.8% during the 4th quarter. Stenham Asset Management Ltd now owns 20,378 shares of the company’s stock worth $981,000 after purchasing an additional 3,083 shares during the last quarter. Opus Financial Solutions LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $203,000. Banco Bilbao Vizcaya Argentaria S.A. purchased a new stake in iShares Cybersecurity and Tech ETF in the 4th quarter valued at approximately $486,000. Finally, Kovack Advisors Inc. acquired a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter valued at $606,000.

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.