Mountain Hill Investment Partners Corp. Makes New $3.89 Million Investment in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Mountain Hill Investment Partners Corp. purchased a new stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) during the 4th quarter, HoldingsChannel reports. The fund purchased 79,720 shares of the company’s stock, valued at approximately $3,890,000. iShares Cybersecurity and Tech ETF accounts for 4.0% of Mountain Hill Investment Partners Corp.’s holdings, making the stock its 13th biggest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas boosted its stake in iShares Cybersecurity and Tech ETF by 9.4% in the 3rd quarter. BNP Paribas now owns 10,280 shares of the company’s stock worth $501,000 after purchasing an additional 884 shares during the period. HighTower Advisors LLC boosted its position in shares of iShares Cybersecurity and Tech ETF by 0.7% in the third quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock valued at $5,697,000 after acquiring an additional 759 shares during the period. Hilltop Holdings Inc. grew its stake in iShares Cybersecurity and Tech ETF by 32.6% during the third 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. Allworth Financial LP increased its holdings in iShares Cybersecurity and Tech ETF by 383.5% during the 4th quarter. Allworth Financial LP now owns 1,199 shares of the company’s stock worth $61,000 after acquiring an additional 951 shares during the period. Finally, Bank of Montreal Can lifted its stake in iShares Cybersecurity and Tech ETF by 180.5% in the 3rd quarter. Bank of Montreal Can now owns 128,147 shares of the company’s stock worth $6,214,000 after purchasing an additional 82,460 shares in the last quarter.

iShares Cybersecurity and Tech ETF Price Performance

IHAK opened at $48.46 on Monday. The firm has a market capitalization of $925.59 million, a P/E ratio of 25.84 and a beta of 0.82. iShares Cybersecurity and Tech ETF has a one year low of $42.45 and a one year high of $53.01. The company has a fifty day moving average price of $50.00 and a 200-day moving average price of $49.59.

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.