Amplify Cybersecurity ETF (NYSEARCA:HACK) Reaches New 1-Year High – Still a Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high on Thursday . The company traded as high as $79.71 and last traded at $79.32, with a volume of 38320 shares traded. The stock had previously closed at $77.88.

Amplify Cybersecurity ETF Trading Up 1.7 %

The company has a market capitalization of $2.26 billion, a PE ratio of 32.94 and a beta of 1.41. The company has a fifty day simple moving average of $75.53 and a 200-day simple moving average of $70.30.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Amplify Cybersecurity ETF in the 3rd quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in Amplify Cybersecurity ETF in the third quarter worth approximately $27,000. First Horizon Advisors Inc. acquired a new stake in Amplify Cybersecurity ETF during the third quarter worth $31,000. NBC Securities Inc. acquired a new stake in Amplify Cybersecurity ETF during the third quarter worth $31,000. Finally, Geneos Wealth Management Inc. acquired a new position in shares of Amplify Cybersecurity ETF in the 4th quarter valued at $46,000.

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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.