UBS Group AG Sells 18,081 Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

UBS Group AG lessened its stake in iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK – Get Rating) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 387,995 shares of the company’s stock after selling 18,081 shares during the quarter. UBS Group AG’s holdings in iShares Cybersecurity and Tech ETF were worth $12,812,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IHAK. Thrivent Financial for Lutherans raised its stake in iShares Cybersecurity and Tech ETF by 0.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 48,785 shares of the company’s stock worth $1,611,000 after buying an additional 320 shares during the period. Lincoln National Corp increased its holdings in shares of iShares Cybersecurity and Tech ETF by 3.2% in the fourth quarter. Lincoln National Corp now owns 45,167 shares of the company’s stock worth $1,491,000 after acquiring an additional 1,384 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of iShares Cybersecurity and Tech ETF by 167.2% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 2,755 shares of the company’s stock worth $91,000 after purchasing an additional 1,724 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of iShares Cybersecurity and Tech ETF during the 4th quarter valued at about $5,124,000. Finally, Y.D. More Investments Ltd acquired a new position in shares of iShares Cybersecurity and Tech ETF in the 4th quarter valued at approximately $94,000.

iShares Cybersecurity and Tech ETF Stock Performance

Shares of IHAK stock opened at $35.40 on Monday. iShares Cybersecurity and Tech ETF has a 52 week low of $31.29 and a 52 week high of $39.44. The company’s 50 day moving average price is $34.78 and its two-hundred day moving average price is $34.35. The company has a market capitalization of $536.31 million, a P/E ratio of 28.57 and a beta of 0.82.

iShares Cybersecurity and Tech ETF Company Profile

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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.