iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sets New 12-Month High – What’s Next?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $65.27 and last traded at $65.27, with a volume of 128690 shares trading hands. The stock had previously closed at $62.66.

iShares Cybersecurity and Tech ETF Price Performance

The company’s 50-day moving average price is $56.54 and its two-hundred day moving average price is $49.67. The company has a market capitalization of $1.04 billion, a P/E ratio of 26.03 and a beta of 0.80.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Key Capital Management INC bought a new stake in shares of iShares Cybersecurity and Tech ETF during the fourth quarter worth approximately $28,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Cybersecurity and Tech ETF during the second quarter worth approximately $45,000. Raleigh Capital Management Inc. acquired a new stake in iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $42,000. Waverly Advisors LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the 1st quarter worth approximately $44,000. Finally, Sound Income Strategies LLC bought a new stake in iShares Cybersecurity and Tech ETF in the 4th quarter valued at $54,000.

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.