Stifel Financial Corp Decreases Stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Stifel Financial Corp trimmed its position in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 16.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,627 shares of the company’s stock after selling 5,869 shares during the period. Stifel Financial Corp owned about 0.17% of iShares Cybersecurity and Tech ETF worth $1,493,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in iShares Cybersecurity and Tech ETF by 40.2% in the third quarter. First Horizon Advisors Inc. now owns 1,228 shares of the company’s stock valued at $60,000 after buying an additional 352 shares in the last quarter. Anchor Investment Management LLC raised its position in shares of iShares Cybersecurity and Tech ETF by 41.8% during the 2nd quarter. Anchor Investment Management LLC now owns 1,701 shares of the company’s stock worth $78,000 after acquiring an additional 501 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in iShares Cybersecurity and Tech ETF during the second quarter worth approximately $192,000. IFG Advisory LLC acquired a new position in iShares Cybersecurity and Tech ETF in the second quarter valued at approximately $256,000. Finally, Consolidated Portfolio Review Corp boosted its holdings in iShares Cybersecurity and Tech ETF by 12.4% in the second quarter. Consolidated Portfolio Review Corp now owns 5,779 shares of the company’s stock valued at $266,000 after purchasing an additional 637 shares in the last quarter.

iShares Cybersecurity and Tech ETF Trading Up 1.3 %

IHAK stock opened at $49.23 on Friday. The stock has a market cap of $886.14 million, a P/E ratio of 36.33 and a beta of 1.17. The company’s 50 day moving average is $50.17 and its two-hundred day moving average is $47.88. iShares Cybersecurity and Tech ETF has a twelve month low of $42.45 and a twelve month high of $52.15.

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.