iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sets New 52-Week High – What’s Next?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $73.53 and last traded at $73.3590, with a volume of 240,740 shares traded. The stock had previously closed at $71.04.

iShares Cybersecurity and Tech ETF Trading Up 4.2%

The stock’s 50 day moving average price is $66.61 and its 200 day moving average price is $59.76. The firm has a market cap of $1.28 billion, a PE ratio of 26.03 and a beta of 0.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Annex Advisory Services LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter worth $69,418,000. Royal Bank of Canada increased its stake in iShares Cybersecurity and Tech ETF by 4.0% during the first quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock valued at $6,187,000 after purchasing an additional 5,511 shares during the last quarter. Howland Capital Management LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter valued at about $6,252,000. Janney Montgomery Scott LLC bought a new position in iShares Cybersecurity and Tech ETF in the first quarter worth about $2,084,000. Finally, Lido Advisors LLC lifted its holdings in iShares Cybersecurity and Tech ETF by 5.2% in the first quarter. Lido Advisors LLC now owns 38,566 shares of the company’s stock worth $1,683,000 after acquiring an additional 1,905 shares during the last quarter.

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.