Sugar Maple Asset Management LLC Sells 11,170 Shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK)

Sugar Maple Asset Management LLC trimmed its position in shares of iShares Cybersecurity and Tech ETF (NYSEARCA:IHAK) by 47.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,178 shares of the company’s stock after selling 11,170 shares during the period. Sugar Maple Asset Management LLC’s holdings in iShares Cybersecurity and Tech ETF were worth $594,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IHAK. Commonwealth Equity Services LLC boosted its position in shares of iShares Cybersecurity and Tech ETF by 6.4% during the second quarter. Commonwealth Equity Services LLC now owns 157,362 shares of the company’s stock valued at $7,231,000 after purchasing an additional 9,509 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of iShares Cybersecurity and Tech ETF by 51.7% during 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 in the last quarter. Farther Finance Advisors LLC grew its position in shares of iShares Cybersecurity and Tech ETF by 96.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,425 shares of the company’s stock worth $295,000 after buying an additional 3,162 shares during the period. GPS Wealth Strategies Group LLC increased its stake in shares of iShares Cybersecurity and Tech ETF by 115.2% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 4,407 shares of the company’s stock worth $202,000 after acquiring an additional 2,359 shares in the last quarter. Finally, Consolidated Portfolio Review Corp lifted its position in iShares Cybersecurity and Tech ETF by 12.4% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 5,779 shares of the company’s stock valued at $266,000 after acquiring an additional 637 shares during the period.

iShares Cybersecurity and Tech ETF Price Performance

NYSEARCA:IHAK opened at $48.81 on Friday. The firm has a market capitalization of $878.58 million, a P/E ratio of 36.33 and a beta of 1.17. iShares Cybersecurity and Tech ETF has a one year low of $39.28 and a one year high of $51.94. The company’s 50-day simple moving average is $49.08 and its 200 day simple moving average is $46.96.

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.