iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 52-Week High – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $56.57 and last traded at $55.84, with a volume of 18398 shares trading hands. The stock had previously closed at $56.03.

iShares Cybersecurity and Tech ETF Trading Up 1.7%

The firm has a 50 day simple moving average of $47.36 and a 200 day simple moving average of $47.55. The firm has a market capitalization of $899.97 million, a PE ratio of 26.03 and a beta of 0.76.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Key Capital Management INC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at $28,000. Raleigh Capital Management Inc. bought a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at $42,000. Waverly Advisors LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 1st quarter valued at $44,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at $45,000. Finally, Sound Income Strategies LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at $54,000.

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.