Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Volume Increase – Time to Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares saw unusually-strong trading volume on Friday . Approximately 84,942 shares were traded during trading, a decline of 26% from the previous session’s volume of 114,018 shares.The stock last traded at $70.94 and had previously closed at $69.78.

Amplify Cybersecurity ETF Stock Performance

The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41. The company’s fifty day moving average is $67.93 and its two-hundred day moving average is $64.56.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several hedge funds have recently modified their holdings of the stock. Grassi Investment Management increased its stake in Amplify Cybersecurity ETF by 4.7% during the 2nd quarter. Grassi Investment Management now owns 4,475 shares of the company’s stock worth $290,000 after buying an additional 200 shares during the period. Curbstone Financial Management Corp increased its position in shares of Amplify Cybersecurity ETF by 0.7% during the third quarter. Curbstone Financial Management Corp now owns 27,550 shares of the company’s stock worth $1,881,000 after acquiring an additional 200 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in shares of Amplify Cybersecurity ETF by 2.4% in the third quarter. Diversify Advisory Services LLC now owns 8,542 shares of the company’s stock worth $604,000 after acquiring an additional 201 shares in the last quarter. TFG Advisers LLC boosted its holdings in Amplify Cybersecurity ETF by 5.9% in the second quarter. TFG Advisers LLC now owns 3,770 shares of the company’s stock valued at $244,000 after purchasing an additional 209 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. grew its stake in Amplify Cybersecurity ETF by 4.7% during the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 5,668 shares of the company’s stock valued at $367,000 after purchasing an additional 252 shares in 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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.