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

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw strong trading volume on Wednesday . 123,453 shares were traded during mid-day trading, an increase of 41% from the previous session’s volume of 87,761 shares.The stock last traded at $50.44 and had previously closed at $50.30.

iShares Cybersecurity and Tech ETF Price Performance

The firm’s 50 day moving average is $47.95 and its 200 day moving average is $46.15. The firm has a market cap of $907.38 million, a P/E ratio of 36.33 and a beta of 1.17.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Nelson Capital Management LLC bought a new stake in iShares Cybersecurity and Tech ETF in the 1st quarter worth about $3,054,000. Watts Gwilliam & Co. LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter worth $2,637,000. Aprio Wealth Management LLC bought a new position in iShares Cybersecurity and Tech ETF in the third quarter valued at about $2,131,000. Sugar Maple Asset Management LLC purchased a new position in iShares Cybersecurity and Tech ETF in the first quarter worth about $1,106,000. Finally, Spire Wealth Management grew its stake in shares of iShares Cybersecurity and Tech ETF by 580.3% during the 2nd quarter. Spire Wealth Management now owns 26,721 shares of the company’s stock valued at $1,228,000 after purchasing an additional 22,793 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.