Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 1-Year High – Time to Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s share price hit a new 52-week high during mid-day trading on Monday. The stock traded as high as $131.99 and last traded at $131.5370, with a volume of 258,433 shares traded. The stock had previously closed at $127.83.

Amplify Cybersecurity ETF Stock Up 2.8%

The firm has a market cap of $3.71 billion, a PE ratio of 35.67 and a beta of 0.84. The company has a 50-day simple moving average of $118.22 and a two-hundred day simple moving average of $104.42.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

A number of large investors have recently added to or reduced their stakes in HACK. Cetera Investment Advisers increased its holdings in shares of Amplify Cybersecurity ETF by 38.4% in the first quarter. Cetera Investment Advisers now owns 207,321 shares of the company’s stock worth $15,568,000 after buying an additional 57,471 shares during the period. BFI Infinity Ltd. bought a new position in shares of Amplify Cybersecurity ETF in the 3rd quarter worth about $13,953,000. Bank of America Corp DE grew its stake in shares of Amplify Cybersecurity ETF by 7.7% in the 1st quarter. Bank of America Corp DE now owns 180,181 shares of the company’s stock worth $13,530,000 after buying an additional 12,947 shares during the last quarter. Sowell Financial Services LLC purchased a new position in shares of Amplify Cybersecurity ETF in the 3rd quarter worth about $10,284,000. Finally, Brookstone Capital Management bought a new stake in Amplify Cybersecurity ETF during the 3rd quarter valued at about $5,925,000.

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.