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

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Friday . 65,717 shares changed hands during mid-day trading, an increase of 22% from the previous session’s volume of 53,760 shares.The stock last traded at $48.88 and had previously closed at $49.23.

iShares Cybersecurity and Tech ETF Price Performance

The stock has a market capitalization of $879.30 million, a price-to-earnings ratio of 36.33 and a beta of 1.17. The firm has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $48.39.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IHAK. B. Riley Wealth Advisors Inc. increased its position in iShares Cybersecurity and Tech ETF by 3.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,207 shares of the company’s stock valued at $683,000 after acquiring an additional 450 shares in the last quarter. Sunbelt Securities Inc. increased its holdings in shares of iShares Cybersecurity and Tech ETF by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,455 shares of the company’s stock valued at $168,000 after purchasing an additional 225 shares in the last quarter. LRI Investments LLC bought a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter worth approximately $194,000. HighTower Advisors LLC lifted its holdings in iShares Cybersecurity and Tech ETF by 0.7% during the 3rd quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock worth $5,697,000 after buying an additional 759 shares in the last quarter. Finally, Hilltop Holdings Inc. boosted its position in iShares Cybersecurity and Tech ETF by 32.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 35,089 shares of the company’s stock valued at $1,710,000 after buying an additional 8,630 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.