iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Monday . 39,842 shares traded hands during mid-day trading, a decline of 57% from the previous session’s volume of 92,726 shares.The stock last traded at $47.83 and had previously closed at $47.42.

iShares Cybersecurity and Tech ETF Stock Up 0.8 %

The stock has a fifty day simple moving average of $46.76 and a 200 day simple moving average of $45.96. The firm has a market capitalization of $860.58 million, a P/E ratio of 36.33 and a beta of 1.17.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Nelson Capital Management LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter worth about $3,054,000. Sugar Maple Asset Management LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $1,106,000. Spire Wealth Management boosted its position 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 acquiring an additional 22,793 shares during the last quarter. SageView Advisory Group LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the first quarter valued at $944,000. Finally, Private Advisor Group LLC bought a new stake in iShares Cybersecurity and Tech ETF in the first quarter worth $843,000.

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.