iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Price Down 3.7% – Time to Sell?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) were down 3.7% on Tuesday . The company traded as low as $44.19 and last traded at $44.73. Approximately 236,068 shares traded hands during mid-day trading, an increase of 66% from the average daily volume of 142,494 shares. The stock had previously closed at $46.45.

iShares Cybersecurity and Tech ETF Price Performance

The business’s 50 day simple moving average is $48.75 and its 200 day simple moving average is $50.52. The stock has a market cap of $746.99 million, a P/E ratio of 26.03 and a beta of 0.83.

Institutional Trading of iShares Cybersecurity and Tech ETF

Institutional investors have recently bought and sold shares of the stock. Ameritas Advisory Services LLC bought a new position in iShares Cybersecurity and Tech ETF during the 2nd quarter valued at about $40,000. AE Wealth Management LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 527.5% during the second quarter. AE Wealth Management LLC now owns 9,231 shares of the company’s stock worth $491,000 after buying an additional 7,760 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 25.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,763 shares of the company’s stock worth $471,000 after buying an additional 1,763 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of iShares Cybersecurity and Tech ETF in the second quarter valued at approximately $251,000. Finally, Truist Financial Corp boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 9.6% in the 2nd quarter. Truist Financial Corp now owns 14,073 shares of the company’s stock worth $749,000 after acquiring an additional 1,237 shares in the last quarter.

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.