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

by · The Markets Daily

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 130,662 shares traded hands during trading, an increase of 75% from the previous session’s volume of 74,674 shares.The stock last traded at $49.0750 and had previously closed at $48.73.

iShares Cybersecurity and Tech ETF Stock Performance

The firm has a market cap of $886.61 million, a P/E ratio of 26.03 and a beta of 0.83. The stock’s 50-day moving average is $51.05 and its 200 day moving average is $51.52.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Private Wealth Asset Management LLC bought a new position in iShares Cybersecurity and Tech ETF in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $40,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter worth about $45,000. City Holding Co. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter valued at about $52,000. Finally, AlphaCore Capital LLC bought a new stake in iShares Cybersecurity and Tech ETF during the first quarter worth about $52,000.

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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