iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 1-Year High – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $65.27 and last traded at $65.27, with a volume of 128690 shares changing hands. The stock had previously closed at $62.66.

iShares Cybersecurity and Tech ETF Stock Down 2.0%

The stock has a market capitalization of $1.01 billion, a PE ratio of 26.03 and a beta of 0.80. The stock’s 50 day moving average price is $57.15 and its 200-day moving average price is $49.89.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. lifted its holdings in iShares Cybersecurity and Tech ETF by 0.6% in the 2nd quarter. Raymond James Financial Inc. now owns 46,182 shares of the company’s stock worth $2,457,000 after purchasing an additional 295 shares in the last quarter. PFG Investments LLC grew its holdings in iShares Cybersecurity and Tech ETF by 7.8% during the 4th quarter. PFG Investments LLC now owns 4,171 shares of the company’s stock valued at $201,000 after buying an additional 301 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of iShares Cybersecurity and Tech ETF by 16.9% during the fourth quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock valued at $103,000 after buying an additional 310 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of iShares Cybersecurity and Tech ETF by 4.0% during the third quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock valued at $506,000 after buying an additional 370 shares during the last quarter. Finally, Key Capital Management INC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter valued at approximately $28,000.

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.