iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 1-Year High – Time to Buy?

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

iShares Cybersecurity and Tech ETF Stock Performance

The firm’s 50-day moving average price is $48.89 and its 200 day moving average price is $46.86. The company has a market cap of $930.42 million, a price-to-earnings ratio of 36.33 and a beta of 1.17.

Institutional Trading of iShares Cybersecurity and Tech ETF

A number of hedge funds have recently made changes to their positions in the business. Wharton Business Group LLC boosted its stake in shares of iShares Cybersecurity and Tech ETF by 42.7% during the third quarter. Wharton Business Group LLC now owns 295,060 shares of the company’s stock valued at $14,381,000 after purchasing an additional 88,300 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in iShares Cybersecurity and Tech ETF by 6.4% in the second quarter. Commonwealth Equity Services LLC now owns 157,362 shares of the company’s stock worth $7,231,000 after purchasing an additional 9,509 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in iShares Cybersecurity and Tech ETF by 9.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 142,965 shares of the company’s stock worth $6,569,000 after purchasing an additional 12,234 shares in the last quarter. Bank of Montreal Can boosted its position in shares of 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 last quarter. Finally, Gimbal Financial purchased a new position in shares of iShares Cybersecurity and Tech ETF during the third quarter valued at approximately $3,753,000.

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.