iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) Reaches New 52-Week High – Should You Buy?

iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.98 and last traded at $53.59, with a volume of 39414 shares changing hands. The stock had previously closed at $53.61.

iShares Cybersecurity and Tech ETF Price Performance

The business has a 50-day simple moving average of $46.71 and a 200 day simple moving average of $47.46. The firm has a market cap of $856.36 million, a PE ratio of 26.03 and a beta of 0.76.

Institutional Investors Weigh In On iShares Cybersecurity and Tech ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Key Capital Management INC purchased a new position in iShares Cybersecurity and Tech ETF during the fourth quarter valued at approximately $28,000. Raleigh Capital Management Inc. bought a new stake in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at $42,000. Waverly Advisors LLC purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 1st quarter valued at $44,000. Qube Research & Technologies Ltd purchased a new position in shares of iShares Cybersecurity and Tech ETF during the 2nd quarter valued at $45,000. Finally, Sound Income Strategies LLC bought a new position in iShares Cybersecurity and Tech ETF in the 4th quarter worth $54,000.

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.