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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.71 and last traded at $79.32, with a volume of 38320 shares trading hands. The stock had previously closed at $77.88.

Amplify Cybersecurity ETF Price Performance

The company has a market capitalization of $2.26 billion, a PE ratio of 32.94 and a beta of 1.41. The stock’s 50 day simple moving average is $75.53 and its 200-day simple moving average is $70.30.

Institutional Trading of Amplify Cybersecurity ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Benjamin Edwards Inc. lifted its position in Amplify Cybersecurity ETF by 2,657.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 126,503 shares of the company’s stock worth $8,636,000 after acquiring an additional 121,916 shares during the period. BFI Infinity Ltd. purchased a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter worth approximately $7,967,000. Ellis Investment Partners LLC purchased a new position in Amplify Cybersecurity ETF in the 3rd quarter valued at $3,074,000. Valley Wealth Managers Inc. acquired a new position in Amplify Cybersecurity ETF in the 3rd quarter valued at $2,564,000. Finally, Meridian Wealth Management LLC acquired a new position in Amplify Cybersecurity ETF in the 3rd quarter valued at $2,176,000.

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.