Watts Gwilliam & Co. LLC Sells 9,701 Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Watts Gwilliam & Co. LLC cut its holdings in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,684 shares of the company’s stock after selling 9,701 shares during the period. Watts Gwilliam & Co. LLC owned about 0.25% of iShares Cybersecurity and Tech ETF worth $2,192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wharton Business Group LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 42.7% during the 3rd quarter. Wharton Business Group LLC now owns 295,060 shares of the company’s stock valued at $14,381,000 after acquiring an additional 88,300 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in iShares Cybersecurity and Tech ETF by 9.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 142,965 shares of the company’s stock valued at $6,569,000 after purchasing an additional 12,234 shares during the period. Bank of Montreal Can increased its position in iShares Cybersecurity and Tech ETF by 180.5% in the third quarter. Bank of Montreal Can now owns 128,147 shares of the company’s stock worth $6,214,000 after buying an additional 82,460 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of iShares Cybersecurity and Tech ETF by 0.7% in the third quarter. HighTower Advisors LLC now owns 117,339 shares of the company’s stock valued at $5,697,000 after buying an additional 759 shares during the period. Finally, Gimbal Financial purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 3rd quarter valued at $3,753,000.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of IHAK opened at $49.23 on Friday. iShares Cybersecurity and Tech ETF has a fifty-two week low of $42.45 and a fifty-two week high of $52.15. The business has a 50-day moving average of $49.94 and a 200 day moving average of $48.33. The firm has a market cap of $886.14 million, a P/E ratio of 36.33 and a beta of 1.17.

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.