iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 1-Year High – Here’s What Happened

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) reached a new 52-week high during trading on Friday. The stock traded as high as $69.44 and last traded at $69.3740, with a volume of 31995 shares traded. The stock had previously closed at $68.31.

iShares Cybersecurity and Tech ETF Stock Up 1.6%

The company has a market capitalization of $1.18 billion, a PE ratio of 26.03 and a beta of 0.81. The stock’s fifty day simple moving average is $64.55 and its 200-day simple moving average is $56.97.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several hedge funds have recently added to or reduced their stakes in the business. Private Advisor Group LLC lifted its stake in iShares Cybersecurity and Tech ETF by 534.8% in the 1st quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after buying an additional 26,362 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in iShares Cybersecurity and Tech ETF during the first quarter worth $2,084,000. Annex Advisory Services LLC purchased a new position in iShares Cybersecurity and Tech ETF during the second quarter worth $28,915,000. Pacific Sun Financial Corp raised its holdings in shares of iShares Cybersecurity and Tech ETF by 42.6% in the first quarter. Pacific Sun Financial Corp now owns 13,713 shares of the company’s stock worth $599,000 after acquiring an additional 4,096 shares during the last quarter. Finally, PFG Investments LLC lifted its position in shares of iShares Cybersecurity and Tech ETF by 16.5% in the first quarter. PFG Investments LLC now owns 4,860 shares of the company’s stock valued at $212,000 after acquiring an additional 689 shares in the last quarter.

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.