Arete Wealth Advisors LLC Acquires New Position in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Arete Wealth Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) in the 4th quarter, HoldingsChannel reports. The firm acquired 10,415 shares of the company’s stock, valued at approximately $508,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its holdings in shares of iShares Cybersecurity and Tech ETF by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock worth $5,697,000 after buying an additional 759 shares in the last quarter. LRI Investments LLC bought a new position in iShares Cybersecurity and Tech ETF in the third quarter valued at about $194,000. Sunbelt Securities Inc. raised its stake in iShares Cybersecurity and Tech ETF by 7.0% during the third quarter. Sunbelt Securities Inc. now owns 3,455 shares of the company’s stock worth $168,000 after acquiring an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 3.3% in the third quarter. B. Riley Wealth Advisors Inc. now owns 14,207 shares of the company’s stock worth $683,000 after acquiring an additional 450 shares during the last quarter. Finally, Aprio Wealth Management LLC boosted its stake in shares of iShares Cybersecurity and Tech ETF by 62.9% in the 4th quarter. Aprio Wealth Management LLC now owns 71,202 shares of the company’s stock valued at $3,474,000 after purchasing an additional 27,483 shares in the last quarter.

iShares Cybersecurity and Tech ETF Trading Down 4.8 %

Shares of iShares Cybersecurity and Tech ETF stock opened at $43.70 on Friday. The firm’s 50 day moving average is $49.54 and its 200 day moving average is $49.61. The firm has a market capitalization of $834.67 million, a PE ratio of 26.34 and a beta of 0.87. iShares Cybersecurity and Tech ETF has a 1 year low of $42.45 and a 1 year high of $53.01.

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.