iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw unusually-high trading volume on Monday . 351,287 shares traded hands during mid-day trading, an increase of 95% from the previous session’s volume of 180,465 shares.The stock last traded at $65.70 and had previously closed at $65.41.

iShares Cybersecurity and Tech ETF Stock Up 0.7%

The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 26.03 and a beta of 0.80. The company has a 50 day simple moving average of $62.35 and a 200-day simple moving average of $53.40.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Annex Advisory Services LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter worth about $28,915,000. Jane Street Group LLC grew its stake in shares of iShares Cybersecurity and Tech ETF by 268.9% in the 4th quarter. Jane Street Group LLC now owns 88,948 shares of the company’s stock valued at $4,280,000 after buying an additional 64,835 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the 1st quarter valued at about $2,084,000. NorthRock Partners LLC increased its position in iShares Cybersecurity and Tech ETF by 24,940.1% in the 3rd quarter. NorthRock Partners LLC now owns 36,809 shares of the company’s stock valued at $1,926,000 after buying an additional 36,662 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in iShares Cybersecurity and Tech ETF by 534.8% in the 1st quarter. Private Advisor Group LLC now owns 31,291 shares of the company’s stock valued at $1,366,000 after buying an additional 26,362 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.