Raymond James Financial Inc. Invests $2.55 Million in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Raymond James Financial Inc. purchased a new stake in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 52,213 shares of the company’s stock, valued at approximately $2,547,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new position in shares of iShares Cybersecurity and Tech ETF in the fourth quarter valued at about $31,000. Allworth Financial LP raised its holdings in iShares Cybersecurity and Tech ETF by 383.5% in the fourth quarter. Allworth Financial LP now owns 1,199 shares of the company’s stock worth $61,000 after purchasing an additional 951 shares during the period. First Horizon Advisors Inc. boosted its position in shares of iShares Cybersecurity and Tech ETF by 27.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,561 shares of the company’s stock worth $76,000 after purchasing an additional 333 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at approximately $77,000. Finally, IFP Advisors Inc lifted its position in iShares Cybersecurity and Tech ETF by 12.4% in the 4th quarter. IFP Advisors Inc now owns 2,243 shares of the company’s stock valued at $109,000 after acquiring an additional 248 shares in the last quarter.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of iShares Cybersecurity and Tech ETF stock opened at $47.67 on Friday. iShares Cybersecurity and Tech ETF has a 52-week low of $42.45 and a 52-week high of $53.01. The business’s 50 day simple moving average is $49.95 and its 200 day simple moving average is $49.65. The firm has a market cap of $910.50 million, a PE ratio of 25.84 and a beta of 0.82.

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.