Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 52-Week High – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.12 and last traded at $78.98, with a volume of 66623 shares traded. The stock had previously closed at $78.22.

Amplify Cybersecurity ETF Stock Up 0.7 %

The company’s 50-day simple moving average is $74.78 and its 200 day simple moving average is $69.78. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

A number of institutional investors have recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Amplify Cybersecurity ETF during the 3rd quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Amplify Cybersecurity ETF during the third quarter worth approximately $27,000. First Horizon Advisors Inc. bought a new stake in shares of Amplify Cybersecurity ETF in the third quarter valued at approximately $31,000. NBC Securities Inc. acquired a new stake in shares of Amplify Cybersecurity ETF in the third quarter worth $31,000. Finally, Geneos Wealth Management Inc. bought a new position in Amplify Cybersecurity ETF during the fourth quarter worth $46,000.

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.