iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Should You Buy?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw strong trading volume on Thursday . 88,581 shares traded hands during trading, an increase of 22% from the previous session’s volume of 72,843 shares.The stock last traded at $50.03 and had previously closed at $49.42.

iShares Cybersecurity and Tech ETF Stock Performance

The firm has a market cap of $892.98 million, a PE ratio of 36.33 and a beta of 1.17. The firm has a fifty day simple moving average of $49.88 and a two-hundred day simple moving average of $48.47.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Krilogy Financial LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter worth approximately $504,000. Arkadios Wealth Advisors boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 49.3% in the 4th quarter. Arkadios Wealth Advisors now owns 16,861 shares of the company’s stock worth $823,000 after purchasing an additional 5,569 shares during the period. Future Financial Wealth Managment LLC boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 4.3% in the 4th quarter. Future Financial Wealth Managment LLC now owns 37,406 shares of the company’s stock worth $1,825,000 after purchasing an additional 1,534 shares during the period. City State Bank boosted its holdings in iShares Cybersecurity and Tech ETF by 10.2% during the 4th quarter. City State Bank now owns 8,145 shares of the company’s stock valued at $397,000 after acquiring an additional 755 shares during the period. Finally, Aprio Wealth Management LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 62.9% during the 4th quarter. Aprio Wealth Management LLC now owns 71,202 shares of the company’s stock valued at $3,474,000 after acquiring an additional 27,483 shares during the period.

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.