iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Sees Unusually-High Trading Volume – What’s Next?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares saw unusually-strong trading volume on Tuesday . Approximately 476,055 shares traded hands during mid-day trading, an increase of 434% from the previous session’s volume of 89,126 shares.The stock last traded at $50.36 and had previously closed at $50.42.

iShares Cybersecurity and Tech ETF Trading Down 2.2 %

The stock’s 50 day moving average price is $48.44 and its two-hundred day moving average price is $46.31. The firm has a market capitalization of $884.34 million, a PE ratio of 36.33 and a beta of 1.17.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Warner Financial Inc. raised its holdings in iShares Cybersecurity and Tech ETF by 6.8% in 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 during the last quarter. Watts Gwilliam & Co. LLC purchased a new position in iShares Cybersecurity and Tech ETF during the third quarter worth about $2,637,000. CWM LLC boosted its stake in iShares Cybersecurity and Tech ETF by 1.9% in the 3rd quarter. CWM LLC now owns 12,290 shares of the company’s stock worth $599,000 after buying an additional 233 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in iShares Cybersecurity and Tech ETF by 7.7% in 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 buying an additional 445 shares during the period. Finally, Future Financial Wealth Managment LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 9.3% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 35,872 shares of the company’s stock valued at $1,748,000 after acquiring an additional 3,042 shares during the last quarter.

iShares Cybersecurity and Tech ETF Company 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.