iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 1-Year High – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) hit a new 52-week high on Wednesday . The stock traded as high as $50.97 and last traded at $50.88, with a volume of 2729 shares. The stock had previously closed at $49.46.

iShares Cybersecurity and Tech ETF Price Performance

The firm has a fifty day moving average price of $48.77 and a two-hundred day moving average price of $46.74. The stock has a market capitalization of $915.48 million, a PE ratio of 36.33 and a beta of 1.17.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. CWM LLC increased its holdings in iShares Cybersecurity and Tech ETF by 1.9% during the 3rd quarter. CWM LLC now owns 12,290 shares of the company’s stock worth $599,000 after purchasing an additional 233 shares during the period. First Horizon Advisors Inc. increased its holdings in iShares Cybersecurity and Tech ETF by 40.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,228 shares of the company’s stock worth $60,000 after purchasing an additional 352 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in iShares Cybersecurity and Tech ETF by 7.7% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 6,236 shares of the company’s stock valued at $304,000 after acquiring an additional 445 shares in the last quarter. Anchor Investment Management LLC boosted its position in iShares Cybersecurity and Tech ETF by 41.8% during the 2nd quarter. Anchor Investment Management LLC now owns 1,701 shares of the company’s stock valued at $78,000 after acquiring an additional 501 shares in the last quarter. Finally, Warner Financial Inc. boosted its position in iShares Cybersecurity and Tech ETF by 6.8% during the 3rd quarter. Warner Financial Inc. now owns 8,596 shares of the company’s stock valued at $419,000 after acquiring an additional 551 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.