Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 1-Year High – Time to Buy?

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during trading on Friday . The stock traded as high as $77.14 and last traded at $77.07, with a volume of 26269 shares. The stock had previously closed at $75.88.

Amplify Cybersecurity ETF Stock Up 1.3 %

The company’s 50-day simple moving average is $72.37 and its 200 day simple moving average is $67.29. The company has a market capitalization of $2.19 billion, a P/E ratio of 32.94 and a beta of 1.41.

Institutional Trading of Amplify Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in HACK. Wealth Enhancement Advisory Services LLC grew its stake in Amplify Cybersecurity ETF by 0.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 333,044 shares of the company’s stock valued at $22,740,000 after buying an additional 853 shares during the last quarter. Raymond James & Associates grew its position in shares of Amplify Cybersecurity ETF by 1.1% in the third quarter. Raymond James & Associates now owns 184,175 shares of the company’s stock valued at $12,575,000 after purchasing an additional 2,085 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Amplify Cybersecurity ETF by 1.3% in the second quarter. Commonwealth Equity Services LLC now owns 131,576 shares of the company’s stock valued at $8,517,000 after purchasing an additional 1,665 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Amplify Cybersecurity ETF by 2,657.9% in the third quarter. Benjamin Edwards Inc. now owns 126,503 shares of the company’s stock worth $8,636,000 after purchasing an additional 121,916 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Amplify Cybersecurity ETF by 10.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 118,228 shares of the company’s stock worth $7,653,000 after purchasing an additional 10,998 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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.