iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Strong Trading Volume – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw strong trading volume on Friday . 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 Trading Down 1.1 %

The company has a market capitalization of $876.42 million, a P/E ratio of 36.33 and a beta of 1.17. The firm’s 50 day moving average price is $49.94 and its two-hundred day moving average price is $48.33.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake 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. Anchor Investment Management LLC grew its stake in iShares Cybersecurity and Tech ETF by 41.8% in the second quarter. Anchor Investment Management LLC now owns 1,701 shares of the company’s stock valued at $78,000 after purchasing an additional 501 shares in the last quarter. Sunbelt Securities Inc. increased its position in shares of iShares Cybersecurity and Tech ETF by 7.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,455 shares of the company’s stock worth $168,000 after purchasing an additional 225 shares during the last quarter. LRI Investments LLC acquired a new position in iShares Cybersecurity and Tech ETF during the third quarter worth $194,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in iShares Cybersecurity and Tech ETF by 7.7% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,236 shares of the company’s stock worth $304,000 after acquiring an additional 445 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.