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

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $79.12 and last traded at $78.98, with a volume of 66623 shares trading hands. The stock had previously closed at $78.22.

Amplify Cybersecurity ETF Stock Performance

The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41. The company’s fifty day simple moving average is $74.78 and its two-hundred day simple moving average is $69.78.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

A number of institutional investors have recently modified their holdings of the business. Ashton Thomas Securities LLC acquired a new position in shares of Amplify Cybersecurity ETF during the third quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in Amplify Cybersecurity ETF during the 3rd quarter valued at about $27,000. NBC Securities Inc. bought a new position in Amplify Cybersecurity ETF in the 3rd quarter worth about $31,000. First Horizon Advisors Inc. bought a new position in Amplify Cybersecurity ETF in the 3rd quarter worth about $31,000. Finally, Geneos Wealth Management Inc. acquired a new stake in shares of Amplify Cybersecurity ETF in the fourth quarter valued at approximately $46,000.

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.