Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 12-Month High – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $76.00 and last traded at $76.00, with a volume of 275 shares traded. The stock had previously closed at $74.84.

Amplify Cybersecurity ETF Price Performance

The firm has a market capitalization of $2.07 billion, a P/E ratio of 32.94 and a beta of 1.41. The firm has a 50-day moving average price of $69.36 and a two-hundred day moving average price of $65.53.

Institutional Trading of Amplify Cybersecurity ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Brookstone Capital Management raised its holdings in shares of Amplify Cybersecurity ETF by 69.9% in the second quarter. Brookstone Capital Management now owns 32,115 shares of the company’s stock valued at $2,092,000 after acquiring an additional 13,213 shares in the last quarter. Osaic Holdings Inc. grew its stake in Amplify Cybersecurity ETF by 10.3% in the first quarter. Osaic Holdings Inc. now owns 110,938 shares of the company’s stock valued at $7,112,000 after purchasing an additional 10,377 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in Amplify Cybersecurity ETF by 10.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 118,228 shares of the company’s stock valued at $7,653,000 after purchasing an additional 10,998 shares during the last quarter. Cetera Investment Advisers grew its stake in Amplify Cybersecurity ETF by 678.8% in the first quarter. Cetera Investment Advisers now owns 60,917 shares of the company’s stock valued at $3,905,000 after purchasing an additional 53,095 shares during the last quarter. Finally, Cetera Advisors LLC grew its stake in Amplify Cybersecurity ETF by 24.6% in the first quarter. Cetera Advisors LLC now owns 21,289 shares of the company’s stock valued at $1,365,000 after purchasing an additional 4,204 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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.