iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Time to Buy?

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Thursday . 88,581 shares were traded during trading, an increase of 22% from the previous session’s volume of 72,843 shares.The stock last traded at $50.03 and had previously closed at $49.42.

iShares Cybersecurity and Tech ETF Trading Up 1.1 %

The firm has a market cap of $899.69 million, a price-to-earnings ratio of 36.33 and a beta of 1.17. The stock’s 50 day moving average is $49.92 and its 200 day moving average is $48.46.

Institutional Trading of iShares Cybersecurity and Tech ETF

Hedge funds have recently added to or reduced their stakes in the company. Wharton Business Group LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 42.7% during the 3rd quarter. Wharton Business Group LLC now owns 295,060 shares of the company’s stock worth $14,381,000 after purchasing an additional 88,300 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of iShares Cybersecurity and Tech ETF by 180.5% during the 3rd quarter. Bank of Montreal Can now owns 128,147 shares of the company’s stock worth $6,214,000 after buying an additional 82,460 shares in the last quarter. HighTower Advisors LLC raised its stake in iShares Cybersecurity and Tech ETF by 0.7% during the third quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock worth $5,697,000 after acquiring an additional 759 shares in the last quarter. Gimbal Financial bought a new position in iShares Cybersecurity and Tech ETF in the 3rd quarter valued at approximately $3,753,000. Finally, Aprio Wealth Management LLC lifted its stake in shares of iShares Cybersecurity and Tech ETF by 62.9% in the 4th quarter. Aprio Wealth Management LLC now owns 71,202 shares of the company’s stock valued at $3,474,000 after acquiring an additional 27,483 shares during 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.