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

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) hit a new 52-week high during trading on Thursday . The company traded as high as $52.47 and last traded at $52.07, with a volume of 30100 shares changing hands. The stock had previously closed at $51.80.

iShares Cybersecurity and Tech ETF Stock Performance

The business has a fifty day simple moving average of $50.13 and a 200 day simple moving average of $49.14. The stock has a market capitalization of $947.16 million, a price-to-earnings ratio of 36.33 and a beta of 1.17.

Institutional Trading of iShares Cybersecurity and Tech ETF

Large investors have recently modified their holdings of the stock. BTG Pactual Asset Management US LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 4th quarter worth $25,000. Capital Investment Advisory Services LLC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 4th quarter worth $31,000. Wells Fargo & Company MN lifted its position in shares of iShares Cybersecurity and Tech ETF by 5,863.6% during the 4th quarter. Wells Fargo & Company MN now owns 656 shares of the company’s stock worth $32,000 after buying an additional 645 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of iShares Cybersecurity and Tech ETF by 40.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,228 shares of the company’s stock worth $60,000 after buying an additional 352 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of iShares Cybersecurity and Tech ETF by 383.5% during the 4th quarter. Allworth Financial LP now owns 1,199 shares of the company’s stock worth $61,000 after buying an additional 951 shares during the last quarter.

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.