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-high trading volume on Tuesday . Approximately 476,055 shares traded hands during trading, an increase of 434% from the previous session’s volume of 89,126 shares.The stock last traded at $50.36 and had previously closed at $50.42.

iShares Cybersecurity and Tech ETF Stock Performance

The stock has a market capitalization of $903.96 million, a price-to-earnings ratio of 36.33 and a beta of 1.17. The company has a 50-day moving average of $48.33 and a 200-day moving average of $46.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas acquired a new position in iShares Cybersecurity and Tech ETF in the 1st quarter valued at $413,000. Lincoln National Corp increased its holdings in shares of iShares Cybersecurity and Tech ETF by 5.2% during the 1st quarter. Lincoln National Corp now owns 75,373 shares of the company’s stock worth $3,531,000 after buying an additional 3,707 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 6.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 157,362 shares of the company’s stock worth $7,231,000 after buying an additional 9,509 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 51.7% during the 2nd quarter. Private Advisor Group LLC now owns 27,299 shares of the company’s stock worth $1,254,000 after buying an additional 9,303 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 96.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 6,425 shares of the company’s stock worth $295,000 after buying an additional 3,162 shares during the last quarter.

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.