Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 52-Week High – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $95.00 and last traded at $94.90, with a volume of 41547 shares. The stock had previously closed at $94.85.

Amplify Cybersecurity ETF Trading Up 0.9%

The stock has a market capitalization of $2.38 billion, a PE ratio of 35.67 and a beta of 0.79. The firm’s fifty day moving average price is $80.48 and its two-hundred day moving average price is $80.18.

Institutional Trading of Amplify Cybersecurity ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Florida Financial Advisors LLC raised its position in shares of Amplify Cybersecurity ETF by 3.1% in the first 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 boosted its position in Amplify Cybersecurity ETF by 27.1% during 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 last quarter. Tocqueville Asset Management L.P. grew its stake 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 valued at $926,000 after acquiring an additional 145 shares in the last quarter. IFP Advisors Inc grew its stake in Amplify Cybersecurity ETF by 0.9% during the 4th quarter. IFP Advisors Inc now owns 16,984 shares of the company’s stock valued at $1,365,000 after acquiring an additional 151 shares in the last quarter. Finally, O ROURKE & COMPANY Inc raised its holdings in Amplify Cybersecurity ETF by 1.4% in 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 during 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.