iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sets New 1-Year High – Still a Buy?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) hit a new 52-week high on Tuesday . The company traded as high as $64.34 and last traded at $63.97, with a volume of 147431 shares traded. The stock had previously closed at $62.07.

iShares Cybersecurity and Tech ETF Stock Performance

The firm has a market cap of $991.42 million, a price-to-earnings ratio of 26.03 and a beta of 0.80. The business has a fifty day simple moving average of $55.58 and a 200-day simple moving average of $49.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IHAK. Western Wealth Management LLC raised its holdings in iShares Cybersecurity and Tech ETF by 16.9% in the 1st quarter. Western Wealth Management LLC now owns 6,324 shares of the company’s stock valued at $276,000 after buying an additional 913 shares during the last quarter. Royal Bank of Canada grew its holdings in iShares Cybersecurity and Tech ETF by 4.0% during the 1st quarter. Royal Bank of Canada now owns 141,754 shares of the company’s stock worth $6,187,000 after acquiring an additional 5,511 shares during the last quarter. Waverly Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $44,000. Lido Advisors LLC increased its position in iShares Cybersecurity and Tech ETF by 5.2% in the 1st quarter. Lido Advisors LLC now owns 38,566 shares of the company’s stock valued at $1,683,000 after acquiring an additional 1,905 shares during the period. Finally, Pacific Sun Financial Corp increased its position in iShares Cybersecurity and Tech ETF by 42.6% in the 1st quarter. Pacific Sun Financial Corp now owns 13,713 shares of the company’s stock valued at $599,000 after acquiring an additional 4,096 shares during the period.

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.