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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $51.62 and last traded at $51.58, with a volume of 6254 shares. The stock had previously closed at $51.19.

iShares Cybersecurity and Tech ETF Trading Up 1.0 %

The stock has a market capitalization of $930.42 million, a PE ratio of 36.33 and a beta of 1.17. The business has a fifty day moving average price of $48.89 and a 200-day moving average price of $46.86.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. bought a new stake in iShares Cybersecurity and Tech ETF during the second quarter worth approximately $40,000. Anchor Investment Management LLC boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 41.8% in the 2nd quarter. Anchor Investment Management LLC now owns 1,701 shares of the company’s stock valued at $78,000 after acquiring an additional 501 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at about $192,000. GPS Wealth Strategies Group LLC grew its stake in shares of iShares Cybersecurity and Tech ETF by 115.2% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,407 shares of the company’s stock worth $202,000 after purchasing an additional 2,359 shares during the period. Finally, IFG Advisory LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at about $256,000.

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.