iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 12-Month High – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $56.57 and last traded at $55.84, with a volume of 18398 shares traded. The stock had previously closed at $56.03.

iShares Cybersecurity and Tech ETF Price Performance

The firm has a market cap of $865.52 million, a price-to-earnings ratio of 26.03 and a beta of 0.76. The company has a fifty day moving average price of $47.83 and a two-hundred day moving average price of $47.62.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in shares of iShares Cybersecurity and Tech ETF by 4.9% in the 1st quarter. NewEdge Advisors LLC now owns 8,318 shares of the company’s stock worth $391,000 after purchasing an additional 390 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in iShares Cybersecurity and Tech ETF by 63.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,553 shares of the company’s stock valued at $2,469,000 after purchasing an additional 20,390 shares during the period. Jane Street Group LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at $2,255,000. Baird Financial Group Inc. boosted its position in shares of iShares Cybersecurity and Tech ETF by 49.7% in the second quarter. Baird Financial Group Inc. now owns 51,752 shares of the company’s stock worth $2,754,000 after buying an additional 17,184 shares during the period. Finally, Brown Advisory Inc. acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the second quarter worth $216,000.

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.