Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 1-Year High – Should You Buy?

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during trading on Tuesday . The company traded as high as $82.94 and last traded at $82.31, with a volume of 815 shares. The stock had previously closed at $82.57.

Amplify Cybersecurity ETF Price Performance

The stock has a market cap of $2.36 billion, a P/E ratio of 32.94 and a beta of 1.41. The business’s fifty day moving average price is $77.25 and its 200 day moving average price is $71.90.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Amplify Cybersecurity ETF during the 4th quarter valued at approximately $18,520,000. Bryn Mawr Capital Management LLC increased its position in Amplify Cybersecurity ETF by 6,396.9% during the 4th quarter. Bryn Mawr Capital Management LLC now owns 207,900 shares of the company’s stock valued at $15,486,000 after purchasing an additional 204,700 shares during the period. Benjamin Edwards Inc. increased its position in Amplify Cybersecurity ETF by 2,657.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 126,503 shares of the company’s stock valued at $8,636,000 after purchasing an additional 121,916 shares during the period. BFI Infinity Ltd. acquired a new stake in Amplify Cybersecurity ETF during the 4th quarter valued at approximately $7,967,000. Finally, Ellis Investment Partners LLC acquired a new stake in Amplify Cybersecurity ETF during the 3rd quarter valued at approximately $3,074,000.

Amplify Cybersecurity ETF Company Profile

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.