Bank of Montreal Can Trims Stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Bank of Montreal Can cut its position in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 66.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,651 shares of the company’s stock after selling 85,496 shares during the period. Bank of Montreal Can owned approximately 0.24% of iShares Cybersecurity and Tech ETF worth $2,081,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. grew its position in iShares Cybersecurity and Tech ETF by 3.3% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 14,207 shares of the company’s stock valued at $683,000 after acquiring an additional 450 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in shares of iShares Cybersecurity and Tech ETF by 62.9% in the fourth quarter. Aprio Wealth Management LLC now owns 71,202 shares of the company’s stock worth $3,474,000 after purchasing an additional 27,483 shares during the last quarter. City State Bank increased its stake in iShares Cybersecurity and Tech ETF by 10.2% in the 4th quarter. City State Bank now owns 8,145 shares of the company’s stock worth $397,000 after buying an additional 755 shares during the period. Future Financial Wealth Managment LLC lifted its holdings in iShares Cybersecurity and Tech ETF by 4.3% during the 4th quarter. Future Financial Wealth Managment LLC now owns 37,406 shares of the company’s stock valued at $1,825,000 after buying an additional 1,534 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in iShares Cybersecurity and Tech ETF by 49.3% in the 4th quarter. Arkadios Wealth Advisors now owns 16,861 shares of the company’s stock valued at $823,000 after buying an additional 5,569 shares during the period.

iShares Cybersecurity and Tech ETF Price Performance

Shares of IHAK stock opened at $46.27 on Thursday. The company has a market capitalization of $883.76 million, a P/E ratio of 26.34 and a beta of 0.87. The company’s 50-day simple moving average is $48.46 and its two-hundred day simple moving average is $49.40. iShares Cybersecurity and Tech ETF has a one year low of $41.87 and a one year high of $53.01.

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.