iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Friday . 159,379 shares changed hands during trading, an increase of 68% from the previous session’s volume of 95,023 shares.The stock last traded at $46.21 and had previously closed at $46.14.

iShares Cybersecurity and Tech ETF Stock Up 0.3 %

The firm’s 50-day moving average is $44.88 and its 200-day moving average is $45.84. The company has a market capitalization of $833.04 million, a PE ratio of 36.33 and a beta of 1.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sugar Maple Asset Management LLC purchased a new position in iShares Cybersecurity and Tech ETF in the first quarter worth $1,106,000. SageView Advisory Group LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the first quarter valued at about $944,000. Nelson Capital Management LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the first quarter valued at about $3,054,000. Lincoln National Corp grew its stake in shares of iShares Cybersecurity and Tech ETF by 5.2% during the first quarter. Lincoln National Corp now owns 75,373 shares of the company’s stock valued at $3,531,000 after buying an additional 3,707 shares during the last quarter. Finally, BNP Paribas bought a new position in shares of iShares Cybersecurity and Tech ETF during the first quarter valued at about $413,000.

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.