iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Stock Price Up 0.3% – Here’s What Happened

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shot up 0.3% during mid-day trading on Monday . The company traded as high as $49.75 and last traded at $49.54. 109,003 shares traded hands during trading, an increase of 11% from the average session volume of 97,929 shares. The stock had previously closed at $49.40.

iShares Cybersecurity and Tech ETF Price Performance

The stock has a market capitalization of $852.09 million, a PE ratio of 26.03 and a beta of 0.83. The stock’s 50 day simple moving average is $49.43 and its two-hundred day simple moving average is $51.05.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC increased its position in iShares Cybersecurity and Tech ETF by 4.9% in the first quarter. NewEdge Advisors LLC now owns 8,318 shares of the company’s stock worth $391,000 after buying an additional 390 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of iShares Cybersecurity and Tech ETF by 63.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,553 shares of the company’s stock valued at $2,469,000 after buying an additional 20,390 shares during the last quarter. Jane Street Group LLC bought a new position in shares of iShares Cybersecurity and Tech ETF during the 1st quarter worth $2,255,000. Integrity Alliance LLC. purchased a new stake in iShares Cybersecurity and Tech ETF in the 1st quarter worth about $211,000. Finally, Bulwark Capital Corp purchased a new stake in iShares Cybersecurity and Tech ETF in the 2nd quarter worth about $637,000.

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.