iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 52-Week Low – Should You Sell?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $41.87 and last traded at $41.95, with a volume of 67129 shares changing hands. The stock had previously closed at $43.70.

iShares Cybersecurity and Tech ETF Trading Down 0.6 %

The firm has a 50-day moving average price of $49.54 and a 200-day moving average price of $49.63. The company has a market capitalization of $829.70 million, a price-to-earnings ratio of 26.34 and a beta of 0.87.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC raised its holdings in shares of iShares Cybersecurity and Tech ETF by 0.7% in the 3rd quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock worth $5,697,000 after purchasing an additional 759 shares in the last quarter. LRI Investments LLC purchased a new stake in shares of iShares Cybersecurity and Tech ETF in the 3rd quarter valued at approximately $194,000. Sunbelt Securities Inc. lifted its holdings in shares of iShares Cybersecurity and Tech ETF by 7.0% in the third quarter. Sunbelt Securities Inc. now owns 3,455 shares of the company’s stock valued at $168,000 after purchasing an additional 225 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in iShares Cybersecurity and Tech ETF by 3.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,207 shares of the company’s stock worth $683,000 after acquiring an additional 450 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 62.9% during the fourth quarter. Aprio Wealth Management LLC now owns 71,202 shares of the company’s stock worth $3,474,000 after purchasing an additional 27,483 shares during the period.

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.