Amplify Cybersecurity ETF (NYSEARCA:HACK) Sets New 52-Week High – What’s Next?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares hit a new 52-week high on Tuesday . The stock traded as high as $112.60 and last traded at $112.50, with a volume of 23951 shares trading hands. The stock had previously closed at $109.28.

Amplify Cybersecurity ETF Stock Performance

The company’s fifty day moving average price is $98.09 and its 200-day moving average price is $84.81. The stock has a market cap of $2.76 billion, a P/E ratio of 35.67 and a beta of 0.85.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans bought a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth $26,998,000. BFI Infinity Ltd. grew its holdings in shares of Amplify Cybersecurity ETF by 106.3% in the fourth quarter. BFI Infinity Ltd. now owns 7,468 shares of the company’s stock worth $600,000 after purchasing an additional 125,637 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Amplify Cybersecurity ETF by 38.4% in the first quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock worth $15,568,000 after purchasing an additional 57,471 shares during the last quarter. Artesa Financial Group LLC purchased a new position in Amplify Cybersecurity ETF in the 4th quarter worth about $4,429,000. Finally, Independent Financial Group LLC purchased a new position in Amplify Cybersecurity ETF in the 1st quarter worth about $3,370,000.

About Amplify Cybersecurity ETF

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.