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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during trading on Wednesday . The stock traded as high as $80.41 and last traded at $80.54, with a volume of 38601 shares trading hands. The stock had previously closed at $79.52.

Amplify Cybersecurity ETF Trading Up 0.6 %

The business’s 50 day simple moving average is $76.26 and its 200 day simple moving average is $70.87. The firm has a market capitalization of $2.30 billion, a PE ratio of 32.94 and a beta of 1.41.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its holdings in Amplify Cybersecurity ETF by 9.9% during the 2nd quarter. Creative Planning now owns 15,847 shares of the company’s stock valued at $1,026,000 after buying an additional 1,422 shares during the period. Cetera Investment Advisers boosted its stake in shares of Amplify Cybersecurity ETF by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 63,076 shares of the company’s stock worth $4,083,000 after purchasing an additional 2,159 shares during the period. Sanctuary Advisors LLC purchased a new stake in Amplify Cybersecurity ETF in the 2nd quarter worth about $413,000. Brookstone Capital Management boosted its position in shares of Amplify Cybersecurity ETF by 2.5% during the third quarter. Brookstone Capital Management now owns 32,931 shares of the company’s stock valued at $2,249,000 after buying an additional 816 shares during the period. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Amplify Cybersecurity ETF during the third quarter valued at approximately $242,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.