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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high 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 Price Performance

The firm’s fifty day moving average price is $74.86 and its two-hundred day moving average price is $69.85. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

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