Janney Montgomery Scott LLC Buys New Position in iShares Cybersecurity and Tech ETF $IHAK

Janney Montgomery Scott LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 47,739 shares of the company’s stock, valued at approximately $2,084,000.

Several other institutional investors also recently added to or reduced their stakes in IHAK. Dara Capital US Inc. purchased a new position in iShares Cybersecurity and Tech ETF during the 4th quarter worth $824,000. Sound Income Strategies LLC acquired a new position in iShares Cybersecurity and Tech ETF in the fourth quarter valued at $54,000. Rainier Family Wealth Inc. raised its holdings in shares of iShares Cybersecurity and Tech ETF by 31.4% in the fourth quarter. Rainier Family Wealth Inc. now owns 27,160 shares of the company’s stock valued at $1,307,000 after buying an additional 6,485 shares during the last quarter. BNP Paribas raised its holdings in shares of iShares Cybersecurity and Tech ETF by 7.8% in the third quarter. BNP Paribas now owns 11,195 shares of the company’s stock valued at $586,000 after buying an additional 808 shares during the last quarter. Finally, Nelson Capital Management LLC raised its holdings in shares of iShares Cybersecurity and Tech ETF by 3.3% in the third quarter. Nelson Capital Management LLC now owns 92,827 shares of the company’s stock valued at $4,858,000 after buying an additional 2,961 shares during the last quarter.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of IHAK opened at $64.22 on Friday. iShares Cybersecurity and Tech ETF has a fifty-two week low of $40.97 and a fifty-two week high of $64.50. The firm has a 50-day simple moving average of $55.93 and a 200-day simple moving average of $49.49. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80.

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.