iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 1-Year High – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $51.62 and last traded at $51.58, with a volume of 6254 shares. The stock had previously closed at $51.19.

iShares Cybersecurity and Tech ETF Price Performance

The firm’s fifty day moving average price is $48.97 and its 200-day moving average price is $46.89. The company has a market capitalization of $895.86 million, a price-to-earnings ratio of 36.33 and a beta of 1.17.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several institutional investors have recently modified their holdings of the business. CWM LLC grew its stake in shares of iShares Cybersecurity and Tech ETF by 1.9% in the third quarter. CWM LLC now owns 12,290 shares of the company’s stock worth $599,000 after purchasing an additional 233 shares during the last quarter. First Horizon Advisors Inc. boosted its position in iShares Cybersecurity and Tech ETF by 40.2% during the third quarter. First Horizon Advisors Inc. now owns 1,228 shares of the company’s stock valued at $60,000 after acquiring an additional 352 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in iShares Cybersecurity and Tech ETF by 7.7% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,236 shares of the company’s stock valued at $304,000 after acquiring an additional 445 shares during the last quarter. Anchor Investment Management LLC boosted its position in iShares Cybersecurity and Tech ETF by 41.8% during the second quarter. Anchor Investment Management LLC now owns 1,701 shares of the company’s stock valued at $78,000 after acquiring an additional 501 shares during the last quarter. Finally, Warner Financial Inc. boosted its position in iShares Cybersecurity and Tech ETF by 6.8% during the third quarter. Warner Financial Inc. now owns 8,596 shares of the company’s stock valued at $419,000 after acquiring an additional 551 shares during 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.