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

Amplify Cybersecurity ETF (NYSEARCA:HACK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $111.13 and last traded at $110.27, with a volume of 193368 shares changing hands. The stock had previously closed at $106.97.

Amplify Cybersecurity ETF Stock Performance

The stock has a fifty day moving average price of $93.89 and a 200-day moving average price of $83.38. The firm has a market capitalization of $2.72 billion, a PE ratio of 35.67 and a beta of 0.85.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

A number of institutional investors have recently added to or reduced their stakes in HACK. Vigilare Wealth Management grew its stake in Amplify Cybersecurity ETF by 37.0% in the second quarter. Vigilare Wealth Management now owns 13,791 shares of the company’s stock valued at $1,447,000 after purchasing an additional 3,722 shares during the last quarter. PVG Asset Management Corp purchased a new stake in shares of Amplify Cybersecurity ETF during the second quarter valued at about $314,000. Parallel Advisors LLC lifted its position in shares of Amplify Cybersecurity ETF by 9.3% during the first quarter. Parallel Advisors LLC now owns 8,221 shares of the company’s stock valued at $617,000 after buying an additional 700 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Amplify Cybersecurity ETF by 7.7% in the 1st quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock valued at $13,530,000 after buying an additional 12,947 shares in the last quarter. Finally, Centaurus Financial Inc. boosted its holdings in shares of Amplify Cybersecurity ETF by 3.3% in the 1st quarter. Centaurus Financial Inc. now owns 18,861 shares of the company’s stock valued at $1,416,000 after buying an additional 599 shares in 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.