Wharton Business Group LLC Acquires 88,300 Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

by · The Cerbat Gem

Wharton Business Group LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Free Report) by 42.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,060 shares of the company’s stock after purchasing an additional 88,300 shares during the period. Wharton Business Group LLC owned 1.64% of iShares Cybersecurity and Tech ETF worth $14,381,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Gimbal Financial acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $3,753,000. Watts Gwilliam & Co. LLC acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $2,637,000. Aprio Wealth Management LLC acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $2,131,000. Sugar Maple Asset Management LLC acquired a new position in iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $1,106,000. Finally, Spire Wealth Management raised its stake in iShares Cybersecurity and Tech ETF by 580.3% during the 2nd quarter. Spire Wealth Management now owns 26,721 shares of the company’s stock worth $1,228,000 after buying an additional 22,793 shares during the period.

iShares Cybersecurity and Tech ETF Stock Performance

IHAK stock opened at $50.00 on Monday. The company has a market cap of $900 million, a P/E ratio of 36.33 and a beta of 1.17. iShares Cybersecurity and Tech ETF has a fifty-two week low of $39.96 and a fifty-two week high of $51.94. The stock’s 50 day simple moving average is $49.08 and its 200 day simple moving average is $46.98.

iShares Cybersecurity and Tech ETF Profile

(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.

Further Reading

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