iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw unusually-high trading volume on Thursday . Approximately 88,581 shares traded hands during mid-day trading, an increase of 22% from the previous session’s volume of 72,843 shares.The stock last traded at $50.03 and had previously closed at $49.42.

iShares Cybersecurity and Tech ETF Trading Up 1.1 %

The business’s 50-day simple moving average is $49.92 and its 200-day simple moving average is $48.46. The company has a market cap of $899.69 million, a PE ratio of 36.33 and a beta of 1.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wharton Business Group LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 42.7% during the third quarter. Wharton Business Group LLC now owns 295,060 shares of the company’s stock valued at $14,381,000 after acquiring an additional 88,300 shares during the period. Bank of Montreal Can lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 180.5% during the 3rd quarter. Bank of Montreal Can now owns 128,147 shares of the company’s stock worth $6,214,000 after acquiring an additional 82,460 shares during the period. HighTower Advisors LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 0.7% during the third quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock valued at $5,697,000 after purchasing an additional 759 shares in the last quarter. Gimbal Financial acquired a new position in iShares Cybersecurity and Tech ETF during the third quarter worth $3,753,000. Finally, Aprio Wealth Management LLC lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 62.9% during the fourth quarter. Aprio Wealth Management LLC now owns 71,202 shares of the company’s stock valued at $3,474,000 after acquiring an additional 27,483 shares during the period.

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.