iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Large Volume Increase – Here’s What Happened

Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) saw an uptick in trading volume on Tuesday . 52,452 shares were traded during mid-day trading, a decline of 38% from the previous session’s volume of 84,326 shares.The stock last traded at $50.38 and had previously closed at $50.72.

iShares Cybersecurity and Tech ETF Stock Down 0.3 %

The firm has a market capitalization of $910.08 million, a P/E ratio of 36.33 and a beta of 1.17. The business’s 50 day moving average is $50.19 and its 200-day moving average is $47.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of IHAK. BNP Paribas grew its holdings in shares of iShares Cybersecurity and Tech ETF by 9.4% during the 3rd quarter. BNP Paribas now owns 10,280 shares of the company’s stock valued at $501,000 after purchasing an additional 884 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of 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 buying an additional 759 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of iShares Cybersecurity and Tech ETF by 51.7% during the second quarter. Private Advisor Group LLC now owns 27,299 shares of the company’s stock worth $1,254,000 after buying an additional 9,303 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of iShares Cybersecurity and Tech ETF by 6.4% in the 2nd quarter. Commonwealth Equity Services LLC now owns 157,362 shares of the company’s stock valued at $7,231,000 after acquiring an additional 9,509 shares during the last quarter. Finally, Hilltop Holdings Inc. boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 32.6% during the 3rd quarter. Hilltop Holdings Inc. now owns 35,089 shares of the company’s stock valued at $1,710,000 after acquiring an additional 8,630 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.