Raymond James & Associates Has $549,000 Position in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Raymond James & Associates grew its holdings in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 129.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 12,090 shares of the company’s stock after buying an additional 6,822 shares during the quarter. Raymond James & Associates’ holdings in iShares Cybersecurity and Tech ETF were worth $549,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IHAK. SageView Advisory Group LLC lifted its holdings in iShares Cybersecurity and Tech ETF by 11.9% during the 3rd quarter. SageView Advisory Group LLC now owns 7,501 shares of the company’s stock worth $289,000 after buying an additional 800 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of iShares Cybersecurity and Tech ETF during the third quarter valued at $35,000. Anchor Investment Management LLC bought a new position in iShares Cybersecurity and Tech ETF in the fourth quarter valued at about $56,000. Advisors Capital Management LLC raised its holdings in iShares Cybersecurity and Tech ETF by 12.7% during the 3rd quarter. Advisors Capital Management LLC now owns 11,452 shares of the company’s stock worth $441,000 after purchasing an additional 1,293 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in iShares Cybersecurity and Tech ETF by 13.9% during the 3rd quarter. Kestra Advisory Services LLC now owns 10,882 shares of the company’s stock valued at $419,000 after purchasing an additional 1,325 shares during the period.

iShares Cybersecurity and Tech ETF Price Performance

Shares of NYSEARCA:IHAK opened at $44.17 on Friday. The company has a 50 day moving average of $46.49 and a 200-day moving average of $44.14. iShares Cybersecurity and Tech ETF has a one year low of $32.65 and a one year high of $49.50. The stock has a market cap of $799.48 million, a price-to-earnings ratio of 37.07 and a beta of 1.17.

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.