iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Hits New 12-Month High – Time to Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) shares hit a new 52-week high during trading on Friday . The company traded as high as $50.70 and last traded at $50.64, with a volume of 5011 shares changing hands. The stock had previously closed at $50.33.

iShares Cybersecurity and Tech ETF Trading Up 0.4 %

The company has a market capitalization of $909.53 million, a P/E ratio of 36.33 and a beta of 1.17. The stock has a 50 day moving average price of $48.24 and a 200 day moving average price of $46.23.

Hedge Funds Weigh In On iShares Cybersecurity and Tech ETF

Several large investors have recently bought and sold shares of IHAK. BNP Paribas acquired a new position in iShares Cybersecurity and Tech ETF in the 1st quarter valued at approximately $413,000. Lincoln National Corp raised its position in iShares Cybersecurity and Tech ETF by 5.2% during the 1st quarter. Lincoln National Corp now owns 75,373 shares of the company’s stock worth $3,531,000 after purchasing an additional 3,707 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in iShares Cybersecurity and Tech ETF by 6.4% during the 2nd quarter. Commonwealth Equity Services LLC now owns 157,362 shares of the company’s stock worth $7,231,000 after buying an additional 9,509 shares during the period. Private Advisor Group LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 51.7% in the 2nd quarter. Private Advisor Group LLC now owns 27,299 shares of the company’s stock valued at $1,254,000 after buying an additional 9,303 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 96.9% in the second quarter. Farther Finance Advisors LLC now owns 6,425 shares of the company’s stock valued at $295,000 after buying an additional 3,162 shares during the period.

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.