iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw unusually-high trading volume on Monday . Approximately 39,842 shares traded hands during trading, a decline of 57% from the previous session’s volume of 92,726 shares.The stock last traded at $47.83 and had previously closed at $47.42.

iShares Cybersecurity and Tech ETF Price Performance

The stock has a market capitalization of $860.58 million, a PE ratio of 36.33 and a beta of 1.17. The business’s fifty day moving average price is $46.76 and its two-hundred day moving average price is $45.96.

Institutional Trading of iShares Cybersecurity and Tech ETF

Several large investors have recently added to or reduced their stakes in IHAK. Retirement Group LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 88.9% in the first quarter. Retirement Group LLC now owns 850 shares of the company’s stock worth $40,000 after acquiring an additional 400 shares during the period. First Horizon Advisors Inc. purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at about $40,000. FinTrust Capital Advisors LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at about $68,000. Woodmont Investment Counsel LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the first quarter worth about $155,000. Finally, International Assets Investment Management LLC acquired a new stake in iShares Cybersecurity and Tech ETF during the second quarter worth about $192,000.

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.