iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 12-Month High – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.98 and last traded at $53.59, with a volume of 39414 shares traded. The stock had previously closed at $53.61.

iShares Cybersecurity and Tech ETF Trading Down 0.2%

The firm has a market capitalization of $844.98 million, a P/E ratio of 26.03 and a beta of 0.76. The company has a 50-day moving average of $46.37 and a 200-day moving average of $47.42.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. raised its position in shares of iShares Cybersecurity and Tech ETF by 0.6% in the 2nd quarter. Raymond James Financial Inc. now owns 46,182 shares of the company’s stock worth $2,457,000 after acquiring an additional 295 shares in the last quarter. PFG Investments LLC raised its position in shares of iShares Cybersecurity and Tech ETF by 7.8% in the 4th quarter. PFG Investments LLC now owns 4,171 shares of the company’s stock worth $201,000 after acquiring an additional 301 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of iShares Cybersecurity and Tech ETF by 16.9% in the 4th quarter. Anchor Investment Management LLC now owns 2,141 shares of the company’s stock worth $103,000 after acquiring an additional 310 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of iShares Cybersecurity and Tech ETF by 4.0% in the 3rd quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock worth $506,000 after acquiring an additional 370 shares in the last quarter. Finally, Key Capital Management INC bought a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter worth about $28,000.

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.