Oppenheimer Asset Management Inc. Cuts Stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Oppenheimer Asset Management Inc. lessened its stake in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 10.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 130,731 shares of the company’s stock after selling 14,804 shares during the period. Oppenheimer Asset Management Inc. owned about 0.73% of iShares Cybersecurity and Tech ETF worth $6,125,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Anchor Investment Management LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the fourth quarter worth about $56,000. Redhawk Wealth Advisors Inc. bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter valued at approximately $306,000. Raymond James & Associates lifted its position in iShares Cybersecurity and Tech ETF by 129.5% in the fourth quarter. Raymond James & Associates now owns 12,090 shares of the company’s stock valued at $549,000 after purchasing an additional 6,822 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter worth approximately $53,000. Finally, Realta Investment Advisors purchased a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter worth $299,000.

iShares Cybersecurity and Tech ETF Price Performance

IHAK traded up $0.48 during trading on Friday, hitting $46.60. 63,526 shares of the stock traded hands, compared to its average volume of 94,669. The firm has a market capitalization of $838.80 million, a P/E ratio of 36.33 and a beta of 1.17. iShares Cybersecurity and Tech ETF has a 12-month low of $36.13 and a 12-month high of $49.50. The firm has a 50-day moving average of $45.06 and a 200 day moving average of $45.88.

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.