Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 12-Month High – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $106.48 and last traded at $106.10, with a volume of 40780 shares changing hands. The stock had previously closed at $104.93.

Amplify Cybersecurity ETF Stock Up 2.2%

The stock’s 50 day moving average price is $91.63 and its two-hundred day moving average price is $82.68. The firm has a market capitalization of $2.66 billion, a price-to-earnings ratio of 35.67 and a beta of 0.86.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans purchased a new stake in shares of Amplify Cybersecurity ETF during the 4th quarter worth about $26,998,000. BFI Infinity Ltd. increased its holdings in Amplify Cybersecurity ETF by 106.3% in the fourth quarter. BFI Infinity Ltd. now owns 7,468 shares of the company’s stock worth $600,000 after buying an additional 125,637 shares during the last quarter. 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 buying an additional 57,471 shares during the last quarter. Artesa Financial Group LLC bought a new position in Amplify Cybersecurity ETF during the fourth quarter valued at approximately $4,429,000. Finally, Independent Financial Group LLC bought a new position in Amplify Cybersecurity ETF during the first quarter valued at approximately $3,370,000.

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.