iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-strong trading volume on Wednesday . Approximately 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 simple moving average is $48.16 and its two-hundred day simple moving average is $46.20. The company has a market capitalization of $909.54 million, a price-to-earnings ratio of 36.33 and a beta of 1.17.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several hedge funds have recently added to or reduced their stakes in IHAK. CWM LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 1.9% in the third quarter. CWM LLC now owns 12,290 shares of the company’s stock valued at $599,000 after purchasing an additional 233 shares during the last quarter. Retirement Group LLC boosted its stake in iShares Cybersecurity and Tech ETF by 88.9% in the 1st quarter. Retirement Group LLC now owns 850 shares of the company’s stock worth $40,000 after buying an additional 400 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in shares of iShares Cybersecurity and Tech ETF by 7.7% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,236 shares of the company’s stock worth $304,000 after buying an additional 445 shares during the last quarter. Anchor Investment Management LLC increased its position in iShares Cybersecurity and Tech ETF by 41.8% during the 2nd quarter. Anchor Investment Management LLC now owns 1,701 shares of the company’s stock worth $78,000 after purchasing an additional 501 shares in the last quarter. Finally, Consolidated Portfolio Review Corp increased its holdings in iShares Cybersecurity and Tech ETF by 12.4% in the 2nd quarter. Consolidated Portfolio Review Corp now owns 5,779 shares of the company’s stock valued at $266,000 after purchasing an additional 637 shares in the last quarter.

About iShares Cybersecurity and Tech ETF

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.