iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Cross Below Fifty Day Moving Average – Time to Sell?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $68.47 and traded as low as $66.15. iShares Cybersecurity and Tech ETF shares last traded at $68.00, with a volume of 227,286 shares changing hands.

iShares Cybersecurity and Tech ETF Stock Down 1.5%

The company has a market capitalization of $1.16 billion, a P/E ratio of 26.03 and a beta of 0.77. The business has a fifty day moving average price of $68.47 and a 200 day moving average price of $56.83.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Simplex Trading LLC acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $30,000. Coston McIsaac & Partners acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter valued at approximately $37,000. Allworth Financial LP acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter valued at approximately $38,000. Parallel Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter valued at approximately $41,000. Finally, Provenance Wealth Advisors LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter worth $45,000.

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.