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

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares hit a new 52-week high on Wednesday . The stock traded as high as $106.48 and last traded at $106.10, with a volume of 40780 shares traded. The stock had previously closed at $104.93.

Amplify Cybersecurity ETF Stock Down 0.1%

The stock’s 50 day moving average is $92.73 and its 200-day moving average is $83.00. The company has a market cap of $2.64 billion, a PE ratio of 35.67 and a beta of 0.85.

Institutional Trading of Amplify Cybersecurity ETF

Several hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC grew its position in Amplify Cybersecurity ETF by 9.5% in the first quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock worth $871,000 after acquiring an additional 1,057 shares in the last quarter. Schnieders Capital Management LLC. raised its position in Amplify Cybersecurity ETF by 14.4% during the second quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after purchasing an additional 1,000 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Amplify Cybersecurity ETF by 93.7% in the 2nd quarter. Baird Financial Group Inc. now owns 27,600 shares of the company’s stock valued at $2,384,000 after purchasing an additional 13,349 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Amplify Cybersecurity ETF by 9.2% in the 2nd quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock valued at $3,448,000 after purchasing an additional 3,364 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Amplify Cybersecurity ETF by 6.7% in the 2nd quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock valued at $22,343,000 after purchasing an additional 16,186 shares during the last quarter.

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.