Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 12-Month High – Time to Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $79.12 and last traded at $78.98, with a volume of 66623 shares traded. The stock had previously closed at $78.22.

Amplify Cybersecurity ETF Stock Performance

The business has a 50 day moving average of $74.86 and a 200-day moving average of $69.85. The company has a market capitalization of $2.25 billion, a P/E ratio of 32.94 and a beta of 1.41.

Institutional Trading of Amplify Cybersecurity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in shares of Amplify Cybersecurity ETF during the 3rd quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in Amplify Cybersecurity ETF during the third quarter valued at $27,000. NBC Securities Inc. purchased a new position in Amplify Cybersecurity ETF during the third quarter worth about $31,000. First Horizon Advisors Inc. bought a new position in Amplify Cybersecurity ETF in the 3rd quarter worth about $31,000. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Amplify Cybersecurity ETF in the 4th quarter valued at about $46,000.

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.