Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Tuesday . Approximately 122,030 shares were traded during mid-day trading, a decline of 29% from the previous session’s volume of 171,458 shares.The stock last traded at $118.3770 and had previously closed at $118.56.

Amplify Cybersecurity ETF Trading Up 2.0%

The company has a market capitalization of $3.04 billion, a P/E ratio of 35.67 and a beta of 0.85. The stock’s fifty day moving average is $111.55 and its 200 day moving average is $94.97.

Institutional Trading of Amplify Cybersecurity ETF

Several large investors have recently modified their holdings of the business. HighTower Advisors LLC grew its position in shares of Amplify Cybersecurity ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 348,876 shares of the company’s stock worth $28,039,000 after buying an additional 9,275 shares during the period. Thrivent Financial for Lutherans purchased a new position in Amplify Cybersecurity ETF during the 4th quarter valued at about $26,998,000. Cetera Investment Advisers lifted its position in Amplify Cybersecurity ETF by 38.4% during the 1st quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock valued at $15,568,000 after acquiring an additional 57,471 shares during the period. Bank of America Corp DE lifted its position in Amplify Cybersecurity ETF by 7.7% during the 1st quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock valued at $13,530,000 after acquiring an additional 12,947 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in Amplify Cybersecurity ETF by 44.8% during the first quarter. D.A. Davidson & CO. now owns 73,286 shares of the company’s stock worth $5,503,000 after acquiring an additional 22,665 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.