iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – Still a Buy?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw unusually-high trading volume on Friday . Approximately 65,717 shares changed hands during 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 Stock Down 1.1 %

The stock has a market cap of $876.42 million, a P/E 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 $48.33.

Institutional Trading of iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas raised its holdings in iShares Cybersecurity and Tech ETF by 9.4% in the 3rd quarter. BNP Paribas now owns 10,280 shares of the company’s stock valued at $501,000 after acquiring an additional 884 shares during the period. HighTower Advisors LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 0.7% during the third quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock worth $5,697,000 after purchasing an additional 759 shares during the period. Private Advisor Group LLC lifted its holdings in 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 purchasing an additional 9,303 shares during the last quarter. Hilltop Holdings Inc. boosted its stake 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 purchasing an additional 8,630 shares during the period. Finally, Centaurus Financial Inc. grew its holdings in iShares Cybersecurity and Tech ETF by 80.2% in the 2nd quarter. Centaurus Financial Inc. now owns 9,348 shares of the company’s stock valued at $430,000 after buying an additional 4,160 shares in 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.