Sunbelt Securities Inc. Cuts Holdings in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Sunbelt Securities Inc. lowered its stake in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 30.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,558 shares of the company’s stock after selling 1,578 shares during the quarter. Sunbelt Securities Inc.’s holdings in iShares Cybersecurity and Tech ETF were worth $167,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter worth $337,000. Northwest Wealth Management LLC bought a new position in iShares Cybersecurity and Tech ETF during the 4th quarter worth approximately $202,000. Retirement Capital Strategies increased its stake in iShares Cybersecurity and Tech ETF by 0.4% in the 4th quarter. Retirement Capital Strategies now owns 78,990 shares of the company’s stock worth $3,589,000 after purchasing an additional 303 shares during the period. Valley Financial Group Inc. purchased a new position in iShares Cybersecurity and Tech ETF in the 4th quarter worth approximately $382,000. Finally, FinTrust Capital Advisors LLC bought a new stake in iShares Cybersecurity and Tech ETF in the fourth quarter valued at approximately $68,000.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of iShares Cybersecurity and Tech ETF stock opened at $45.95 on Friday. iShares Cybersecurity and Tech ETF has a 52-week low of $36.13 and a 52-week high of $49.50. The company’s 50 day moving average price is $44.73 and its 200-day moving average price is $45.80. The stock has a market capitalization of $827.10 million, a price-to-earnings ratio of 36.33 and a beta of 1.17.

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.