iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 52-Week High – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $66.26 and last traded at $65.55, with a volume of 55206 shares traded. The stock had previously closed at $64.47.

iShares Cybersecurity and Tech ETF Stock Performance

The stock has a market capitalization of $1.08 billion, a PE ratio of 26.03 and a beta of 0.80. The firm has a 50 day moving average of $59.74 and a 200-day moving average of $51.34.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several institutional investors have recently made changes to their positions in the stock. Annex Advisory Services LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter worth about $28,915,000. Jane Street Group LLC grew its stake in shares of iShares Cybersecurity and Tech ETF by 268.9% in the 4th quarter. Jane Street Group LLC now owns 88,948 shares of the company’s stock valued at $4,280,000 after buying an additional 64,835 shares in the last quarter. Janney Montgomery Scott LLC acquired a new position in iShares Cybersecurity and Tech ETF in the first quarter worth approximately $2,084,000. NorthRock Partners LLC increased its holdings in iShares Cybersecurity and Tech ETF by 24,940.1% in the third quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock worth $1,926,000 after buying an additional 36,662 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in iShares Cybersecurity and Tech ETF by 534.8% during the first quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after acquiring an additional 26,362 shares in 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.