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

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price reached a new 52-week high on Thursday . The company traded as high as $122.57 and last traded at $121.6960, with a volume of 252890 shares changing hands. The stock had previously closed at $119.46.

Amplify Cybersecurity ETF Trading Up 1.1%

The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 35.67 and a beta of 0.85. The stock’s 50-day moving average price is $111.98 and its 200-day moving average price is $95.63.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC grew its holdings in Amplify Cybersecurity ETF by 2.7% during the 4th quarter. HighTower Advisors LLC now owns 348,876 shares of the company’s stock worth $28,039,000 after acquiring an additional 9,275 shares during the period. Cetera Investment Advisers increased 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 worth $15,568,000 after purchasing an additional 57,471 shares in the last quarter. Bank of America Corp DE lifted its stake in Amplify Cybersecurity ETF by 7.7% in the first quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock valued at $13,530,000 after buying an additional 12,947 shares during the period. D.A. Davidson & CO. lifted its stake in Amplify Cybersecurity ETF by 44.8% in the first quarter. D.A. Davidson & CO. now owns 73,286 shares of the company’s stock valued at $5,503,000 after buying an additional 22,665 shares during the period. Finally, Thoma Capital Management LLC boosted its holdings in shares of Amplify Cybersecurity ETF by 5.4% during the 1st quarter. Thoma Capital Management LLC now owns 68,835 shares of the company’s stock worth $5,169,000 after buying an additional 3,544 shares in the last quarter.

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.