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

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $116.00 and last traded at $116.00, with a volume of 907 shares. The stock had previously closed at $114.07.

Amplify Cybersecurity ETF Price Performance

The firm has a market cap of $2.92 billion, a PE ratio of 35.67 and a beta of 0.84. The business’s fifty day moving average is $103.12 and its 200-day moving average is $87.46.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Hedge funds have recently modified their holdings of the stock. Sound Income Strategies LLC purchased a new position in Amplify Cybersecurity ETF in the fourth quarter valued at approximately $27,000. Garner Asset Management Corp purchased a new stake in Amplify Cybersecurity ETF in the fourth quarter worth $28,000. Elevated Capital Advisors LLC bought a new stake in shares of Amplify Cybersecurity ETF in the fourth quarter valued at $34,000. Laurel Wealth Advisors LLC purchased a new position in shares of Amplify Cybersecurity ETF during the 4th quarter valued at $36,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Amplify Cybersecurity ETF during the 4th quarter valued at $40,000.

About Amplify Cybersecurity ETF

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.