iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw strong trading volume on Friday . 544,717 shares were traded during mid-day trading, an increase of 199% from the previous session’s volume of 181,973 shares.The stock last traded at $56.20 and had previously closed at $55.12.

iShares Cybersecurity and Tech ETF Price Performance

The firm has a market cap of $896.81 million, a PE ratio of 26.03 and a beta of 0.82. The business has a fifty day moving average price of $52.94 and a two-hundred day moving average price of $48.64.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IHAK. Key Capital Management INC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth $28,000. Raleigh Capital Management Inc. acquired a new stake in iShares Cybersecurity and Tech ETF in the 4th quarter worth approximately $42,000. Waverly Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter worth $44,000. Qube Research & Technologies Ltd bought a new stake in iShares Cybersecurity and Tech ETF during the second quarter valued at about $45,000. Finally, Sound Income Strategies LLC bought a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter valued at approximately $54,000.

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.