Amplify Cybersecurity ETF (NYSEARCA:HACK) Sets New 12-Month High – Here’s Why

Amplify Cybersecurity ETF (NYSEARCA:HACK) shares hit a new 52-week high on Tuesday . The company traded as high as $82.94 and last traded at $82.31, with a volume of 815 shares trading hands. The stock had previously closed at $82.57.

Amplify Cybersecurity ETF Stock Down 1.7 %

The business’s 50-day simple moving average is $77.54 and its two-hundred day simple moving average is $72.12. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Hudson Value Partners LLC boosted its stake in shares of Amplify Cybersecurity ETF by 11.8% in the fourth quarter. Hudson Value Partners LLC now owns 4,250 shares of the company’s stock valued at $317,000 after purchasing an additional 450 shares during the period. Waverly Advisors LLC purchased a new position in shares of Amplify Cybersecurity ETF in the fourth quarter valued at approximately $1,341,000. Royal Bank of Canada boosted its stake in shares of Amplify Cybersecurity ETF by 6.5% in the fourth quarter. Royal Bank of Canada now owns 207,461 shares of the company’s stock valued at $15,454,000 after purchasing an additional 12,640 shares during the period. Kaizen Financial Strategies boosted its stake in shares of Amplify Cybersecurity ETF by 11.8% in the fourth quarter. Kaizen Financial Strategies now owns 5,736 shares of the company’s stock valued at $427,000 after purchasing an additional 604 shares during the period. Finally, Focus Partners Wealth boosted its stake in shares of Amplify Cybersecurity ETF by 19.5% in the fourth quarter. Focus Partners Wealth now owns 11,025 shares of the company’s stock valued at $821,000 after purchasing an additional 1,799 shares during the period.

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.