Amplify Cybersecurity ETF (NYSEARCA:HACK) Sees Large Volume Increase – Still a Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) saw unusually-high trading volume on Tuesday . Approximately 302,575 shares traded hands during mid-day trading, an increase of 137% from the previous session’s volume of 127,445 shares.The stock last traded at $78.41 and had previously closed at $78.23.

Amplify Cybersecurity ETF Trading Up 0.7%

The firm has a 50 day simple moving average of $77.42 and a 200 day simple moving average of $82.32. The firm has a market capitalization of $2.02 billion, a PE ratio of 35.67 and a beta of 0.85.

Amplify Cybersecurity ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.0597 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, December 30th.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Institutional investors have recently modified their holdings of the business. Steigerwald Gordon & Koch Inc. bought a new position in Amplify Cybersecurity ETF during the 3rd quarter valued at about $28,000. Sound Income Strategies LLC bought a new stake in shares of Amplify Cybersecurity ETF in the fourth quarter worth approximately $27,000. Garner Asset Management Corp bought a new stake in shares of Amplify Cybersecurity ETF in the fourth quarter worth approximately $28,000. Evolution Wealth Management Inc. purchased a new position in shares of Amplify Cybersecurity ETF during the second quarter valued at approximately $33,000. Finally, Lodestone Wealth Management LLC purchased a new position in shares of Amplify Cybersecurity ETF during the fourth quarter valued at approximately $32,000.

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.