iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 1-Year High – Here’s Why

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price reached a new 52-week high on Friday. The company traded as high as $71.66 and last traded at $71.47, with a volume of 53147 shares. The stock had previously closed at $70.16.

iShares Cybersecurity and Tech ETF Price Performance

The firm has a market capitalization of $1.24 billion, a PE ratio of 26.03 and a beta of 0.80. The company’s fifty day simple moving average is $65.53 and its 200-day simple moving average is $57.85.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new stake in shares of iShares Cybersecurity and Tech ETF in the third quarter worth approximately $399,000. Titleist Asset Management LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF during the third quarter worth approximately $1,456,000. Valeo Financial Advisors LLC acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at $216,000. Planning Strategies Inc. acquired a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at $105,000. Finally, Annex Advisory Services LLC purchased a new position in iShares Cybersecurity and Tech ETF in the 2nd quarter valued at $28,915,000.

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.