Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 52-Week High – Should You Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during trading on Friday . The stock traded as high as $76.43 and last traded at $76.14, with a volume of 16899 shares traded. The stock had previously closed at $75.27.

Amplify Cybersecurity ETF Trading Up 1.6 %

The company has a market capitalization of $2.18 billion, a P/E ratio of 32.94 and a beta of 1.41. The firm has a fifty day moving average of $71.59 and a 200 day moving average of $66.82.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Large investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management grew 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 worth $2,092,000 after acquiring an additional 13,213 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Amplify Cybersecurity ETF by 10.3% during the 2nd 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. Hollencrest Capital Management purchased a new position in shares of Amplify Cybersecurity ETF in the second quarter worth approximately $31,000. Comerica Bank grew its position in Amplify Cybersecurity ETF by 44.1% during the first quarter. Comerica Bank now owns 4,048 shares of the company’s stock valued at $260,000 after buying an additional 1,239 shares during the period. Finally, Vigilare Wealth Management purchased a new stake in Amplify Cybersecurity ETF during the third quarter valued at approximately $1,172,000.

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.