Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 1-Year High – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $116.00 and last traded at $116.00, with a volume of 907 shares changing hands. The stock had previously closed at $114.07.

Amplify Cybersecurity ETF Stock Performance

The company has a 50-day simple moving average of $103.96 and a 200-day simple moving average of $87.94. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 35.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Florida Financial Advisors LLC boosted its stake in shares of Amplify Cybersecurity ETF by 3.1% during the 1st quarter. Florida Financial Advisors LLC now owns 4,174 shares of the company’s stock valued at $313,000 after buying an additional 125 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Amplify Cybersecurity ETF by 27.1% in the first quarter. AdvisorNet Financial Inc now owns 638 shares of the company’s stock valued at $48,000 after buying an additional 136 shares during the last quarter. Tocqueville Asset Management L.P. lifted its holdings in Amplify Cybersecurity ETF by 1.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 10,669 shares of the company’s stock worth $926,000 after buying an additional 145 shares during the last quarter. IFP Advisors Inc grew its position in shares of Amplify Cybersecurity ETF by 0.9% in the 4th quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock worth $1,365,000 after acquiring an additional 151 shares in the last quarter. Finally, O ROURKE & COMPANY Inc raised its position in shares of Amplify Cybersecurity ETF by 1.4% during the 4th quarter. O ROURKE & COMPANY Inc now owns 11,194 shares of the company’s stock valued at $900,000 after acquiring an additional 154 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.