Amplify Cybersecurity ETF (NYSEARCA:HACK) Sets New 1-Year High – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.50 and last traded at $82.32, with a volume of 228320 shares changing hands. The stock had previously closed at $80.60.

Amplify Cybersecurity ETF Price Performance

The business has a fifty day moving average price of $76.84 and a two-hundred day moving average price of $71.43. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HACK. Wells Fargo & Company MN boosted its position in Amplify Cybersecurity ETF by 114.4% in the 4th quarter. Wells Fargo & Company MN now owns 1,784 shares of the company’s stock valued at $133,000 after buying an additional 952 shares during the period. National Bank of Canada FI increased its holdings in Amplify Cybersecurity ETF by 46.9% in the fourth quarter. National Bank of Canada FI now owns 35,667 shares of the company’s stock valued at $2,657,000 after buying an additional 11,386 shares during the last quarter. Hoey Investments Inc. acquired a new stake in shares of Amplify Cybersecurity ETF during the 4th quarter worth about $74,000. Orion Portfolio Solutions LLC purchased a new position in Amplify Cybersecurity ETF in the fourth quarter valued at approximately $1,425,000. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of Amplify Cybersecurity ETF by 3.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 7,576 shares of the company’s stock valued at $564,000 after buying an additional 219 shares in the last quarter.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.