Crescent Grove Advisors LLC Raises Stock Position in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Crescent Grove Advisors LLC raised its stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,365 shares of the company’s stock after buying an additional 2,009 shares during the period. Crescent Grove Advisors LLC’s holdings in iShares Cybersecurity and Tech ETF were worth $1,334,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IHAK. Creative Planning increased its stake in shares of iShares Cybersecurity and Tech ETF by 3.3% during the 2nd quarter. Creative Planning now owns 8,294 shares of the company’s stock worth $291,000 after purchasing an additional 264 shares in the last quarter. Ellis Investment Partners LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 2.0% during the 4th quarter. Ellis Investment Partners LLC now owns 15,627 shares of the company’s stock worth $710,000 after purchasing an additional 308 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of iShares Cybersecurity and Tech ETF by 53.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,114 shares of the company’s stock worth $42,000 after purchasing an additional 389 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of iShares Cybersecurity and Tech ETF by 0.9% during the 1st quarter. Thrivent Financial for Lutherans now owns 49,206 shares of the company’s stock worth $1,789,000 after purchasing an additional 421 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 3.3% during the 1st quarter. IHT Wealth Management LLC now owns 20,374 shares of the company’s stock worth $870,000 after purchasing an additional 648 shares in the last quarter.

iShares Cybersecurity and Tech ETF Price Performance

IHAK stock traded down $1.25 during midday trading on Monday, hitting $43.86. The stock had a trading volume of 179,776 shares, compared to its average volume of 108,186. The firm has a market cap of $793.87 million, a PE ratio of 37.07 and a beta of 1.17. iShares Cybersecurity and Tech ETF has a 12-month low of $32.65 and a 12-month high of $49.50. The company’s 50-day moving average price is $47.29 and its 200 day moving average price is $43.86.

iShares Cybersecurity and Tech ETF Profile

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.