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

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $120.27 and last traded at $119.19, with a volume of 345293 shares changing hands. The stock had previously closed at $115.42.

Amplify Cybersecurity ETF Stock Performance

The company has a 50 day moving average of $105.17 and a 200 day moving average of $89.07. The firm has a market cap of $2.99 billion, a P/E ratio of 35.67 and a beta of 0.84.

Institutional Trading of Amplify Cybersecurity ETF

Large investors have recently added to or reduced their stakes in the business. Compass Financial Management LLC acquired a new position in shares of Amplify Cybersecurity ETF during the 2nd quarter worth $232,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Amplify Cybersecurity ETF in the 2nd quarter valued at $223,000. Wealthcare Capital Partners LLC boosted its holdings in Amplify Cybersecurity ETF by 3.2% in the second quarter. Wealthcare Capital Partners LLC now owns 8,360 shares of the company’s stock worth $877,000 after purchasing an additional 257 shares in the last quarter. Allied Private Wealth LLC bought a new stake in Amplify Cybersecurity ETF in the second quarter worth $139,000. Finally, AAFMAA Wealth Management & Trust LLC increased its position in Amplify Cybersecurity ETF by 8.0% during the second quarter. AAFMAA Wealth Management & Trust LLC now owns 31,270 shares of the company’s stock worth $3,281,000 after buying an additional 2,322 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.