Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 52-Week High – What’s Next?

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $122.57 and last traded at $121.6960, with a volume of 252890 shares changing hands. The stock had previously closed at $119.46.

Amplify Cybersecurity ETF Price Performance

The stock has a market cap of $2.98 billion, a P/E ratio of 35.67 and a beta of 0.85. The firm’s 50-day moving average price is $112.34 and its 200-day moving average price is $96.12.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC lifted its stake in Amplify Cybersecurity ETF by 2.7% in the 4th quarter. HighTower Advisors LLC now owns 348,876 shares of the company’s stock worth $28,039,000 after purchasing an additional 9,275 shares in the last quarter. 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 purchasing an additional 57,471 shares during the last quarter. Bank of America Corp DE lifted its position in shares of Amplify Cybersecurity ETF by 7.7% in the first 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 in the last quarter. D.A. Davidson & CO. lifted its position in shares of Amplify Cybersecurity ETF by 44.8% in the first quarter. D.A. Davidson & CO. now owns 73,286 shares of the company’s stock worth $5,503,000 after buying an additional 22,665 shares in the last quarter. Finally, Thoma Capital Management LLC boosted its stake in Amplify Cybersecurity ETF by 5.4% during the first quarter. Thoma Capital Management LLC now owns 68,835 shares of the company’s stock valued at $5,169,000 after buying an additional 3,544 shares during the last quarter.

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.