Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 1-Year High – Still a Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $122.57 and last traded at $121.6960, with a volume of 252890 shares. The stock had previously closed at $119.46.

Amplify Cybersecurity ETF Stock Up 1.1%

The firm’s 50 day simple moving average is $111.98 and its two-hundred day simple moving average is $95.63. The stock has a market capitalization of $3.04 billion, a P/E ratio of 35.67 and a beta of 0.85.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several hedge funds and other institutional investors have recently modified their holdings of HACK. Florida Financial Advisors LLC raised its position in Amplify Cybersecurity ETF by 3.1% in the 1st quarter. Florida Financial Advisors LLC now owns 4,174 shares of the company’s stock worth $313,000 after buying an additional 125 shares during the last quarter. AdvisorNet Financial Inc grew its stake in shares of Amplify Cybersecurity ETF by 27.1% in the first quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock worth $48,000 after acquiring an additional 136 shares during the period. IFP Advisors Inc raised its holdings in shares of Amplify Cybersecurity ETF by 0.9% during the fourth quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock valued at $1,365,000 after purchasing an additional 151 shares during the last quarter. Independent Wealth Network Inc. raised its holdings in shares of Amplify Cybersecurity ETF by 1.5% during the first quarter. Independent Wealth Network Inc. now owns 12,727 shares of the company’s stock valued at $956,000 after purchasing an additional 193 shares during the last quarter. Finally, Evolution Wealth Management Inc. lifted its position in Amplify Cybersecurity ETF by 51.8% during the first quarter. Evolution Wealth Management Inc. now owns 580 shares of the company’s stock valued at $44,000 after purchasing an additional 198 shares during the period.

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.