iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Thursday . Approximately 483,798 shares were traded during trading, an increase of 161% from the previous session’s volume of 185,252 shares.The stock last traded at $64.37 and had previously closed at $64.67.

iShares Cybersecurity and Tech ETF Stock Down 0.0%

The firm has a market cap of $1.08 billion, a P/E ratio of 26.03 and a beta of 0.80. The business has a fifty day moving average of $59.57 and a 200 day moving average of $51.23.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Hedge funds have recently bought and sold shares of the stock. Key Capital Management INC bought a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter worth about $28,000. Raleigh Capital Management Inc. bought a new position in iShares Cybersecurity and Tech ETF during the fourth quarter worth about $42,000. Waverly Advisors LLC purchased a new stake in iShares Cybersecurity and Tech ETF in the 1st quarter worth approximately $44,000. Qube Research & Technologies Ltd bought a new stake in iShares Cybersecurity and Tech ETF during the second quarter valued at approximately $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 about $54,000.

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.