Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 52-Week High – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $95.00 and last traded at $94.90, with a volume of 41547 shares. The stock had previously closed at $94.85.

Amplify Cybersecurity ETF Stock Performance

The business has a 50 day simple moving average of $80.48 and a 200-day simple moving average of $80.18. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 35.67 and a beta of 0.79.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of HACK. Thrivent Financial for Lutherans acquired a new position in Amplify Cybersecurity ETF in the 4th quarter valued at about $26,998,000. BFI Infinity Ltd. raised its position in shares of Amplify Cybersecurity ETF by 106.3% during the 4th quarter. BFI Infinity Ltd. now owns 7,468 shares of the company’s stock valued at $600,000 after buying an additional 125,637 shares during the period. Cetera Investment Advisers lifted its holdings in Amplify Cybersecurity ETF by 38.4% in the first quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock valued at $15,568,000 after acquiring an additional 57,471 shares during the last quarter. Artesa Financial Group LLC purchased a new position in Amplify Cybersecurity ETF in the fourth quarter worth approximately $4,429,000. Finally, Independent Financial Group LLC purchased a new stake in Amplify Cybersecurity ETF in the first quarter valued at $3,370,000.

Amplify Cybersecurity ETF Company Profile

The ETFMG Prime Cyber Security ETF (HACK) is an exchange-traded fund that is based on the Prime Cyber Defense index. The fund tracks a tiered, equal-weighted index that targets companies actively involved in providing cybersecurity technology and services.