HighTower Advisors LLC Sells 59,684 Shares of iShares Cybersecurity and Tech ETF $IHAK

HighTower Advisors LLC decreased its position in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 44.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,609 shares of the company’s stock after selling 59,684 shares during the period. HighTower Advisors LLC owned 0.44% of iShares Cybersecurity and Tech ETF worth $3,542,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its holdings in iShares Cybersecurity and Tech ETF by 0.6% in the second quarter. Raymond James Financial Inc. now owns 46,182 shares of the company’s stock valued at $2,457,000 after acquiring an additional 295 shares during the last quarter. PFG Investments LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 7.8% in the fourth quarter. PFG Investments LLC now owns 4,171 shares of the company’s stock valued at $201,000 after acquiring an additional 301 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in iShares Cybersecurity and Tech ETF by 4.0% in the third quarter. NewEdge Advisors LLC now owns 9,675 shares of the company’s stock valued at $506,000 after acquiring an additional 370 shares during the last quarter. Key Capital Management INC bought a new position in iShares Cybersecurity and Tech ETF in the fourth quarter valued at about $28,000. Finally, Truist Financial Corp boosted its holdings in iShares Cybersecurity and Tech ETF by 4.1% in the fourth quarter. Truist Financial Corp now owns 15,445 shares of the company’s stock valued at $743,000 after acquiring an additional 614 shares during the last quarter.

iShares Cybersecurity and Tech ETF Stock Up 3.7%

iShares Cybersecurity and Tech ETF stock opened at $57.78 on Friday. The business’s 50-day simple moving average is $48.30 and its 200 day simple moving average is $47.73. The stock has a market cap of $912.92 million, a price-to-earnings ratio of 26.03 and a beta of 0.76. iShares Cybersecurity and Tech ETF has a 12-month low of $40.97 and a 12-month high of $57.91.

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.