iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-high trading volume on Wednesday. 544,959 shares changed hands during trading, an increase of 198% from the average daily volume of 183,056 shares. The stock last traded at $76.4770 and had previously closed at $77.22.

iShares Cybersecurity and Tech ETF Price Performance

The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The stock’s 50 day simple moving average is $67.57 and its two-hundred day simple moving average is $55.99.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently bought and sold shares of the business. Raleigh Capital Management Inc. acquired a new stake in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at approximately $55,000. Latitude Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF during the third quarter worth $62,000. Triumph Capital Management acquired a new position in iShares Cybersecurity and Tech ETF during the 3rd quarter worth approximately $67,000. Waverly Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at about $44,000. Finally, Activest Wealth Management bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter valued at about $88,000.

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.