iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-strong trading volume on Wednesday . Approximately 95,214 shares changed hands during mid-day trading, an increase of 26% from the previous session’s volume of 75,536 shares.The stock last traded at $49.53 and had previously closed at $49.20.

iShares Cybersecurity and Tech ETF Trading Up 0.3 %

The firm has a 50-day simple moving average of $50.23 and a two-hundred day simple moving average of $49.53. The stock has a market cap of $940.31 million, a P/E ratio of 29.96 and a beta of 0.82.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas raised its stake in shares of iShares Cybersecurity and Tech ETF by 9.4% in the third quarter. BNP Paribas now owns 10,280 shares of the company’s stock worth $501,000 after purchasing an additional 884 shares during the last quarter. HighTower Advisors LLC lifted its stake in iShares Cybersecurity and Tech ETF by 0.7% in the 3rd quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock worth $5,697,000 after purchasing an additional 759 shares in the last quarter. Hilltop Holdings Inc. raised its holdings in shares of iShares Cybersecurity and Tech ETF by 32.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 35,089 shares of the company’s stock valued at $1,710,000 after acquiring an additional 8,630 shares in the last quarter. Fountainhead AM LLC increased its stake in iShares Cybersecurity and Tech ETF by 15.5% in the third quarter. Fountainhead AM LLC now owns 8,227 shares of the company’s stock valued at $401,000 after acquiring an additional 1,105 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in iShares Cybersecurity and Tech ETF by 180.5% during the third quarter. Bank of Montreal Can now owns 128,147 shares of the company’s stock valued at $6,214,000 after buying an additional 82,460 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.