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

Amplify Cybersecurity ETF (NYSEARCA:HACK) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $82.50 and last traded at $82.32, with a volume of 228320 shares trading hands. The stock had previously closed at $80.60.

Amplify Cybersecurity ETF Stock Up 2.1 %

The firm’s 50-day moving average is $76.57 and its 200-day moving average is $71.23. The company has a market cap of $2.35 billion, a PE ratio of 32.94 and a beta of 1.41.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HACK. Sanctuary Advisors LLC bought a new position in Amplify Cybersecurity ETF in the second quarter worth $413,000. NBC Securities Inc. purchased a new stake in shares of Amplify Cybersecurity ETF in the 3rd quarter worth about $31,000. Raymond James & Associates increased its stake in shares of Amplify Cybersecurity ETF by 1.1% in the 3rd quarter. Raymond James & Associates now owns 184,175 shares of the company’s stock worth $12,575,000 after acquiring an additional 2,085 shares in the last quarter. Key Client Fiduciary Advisors LLC bought a new position in shares of Amplify Cybersecurity ETF in the 3rd quarter worth about $678,000. Finally, Lake Street Private Wealth LLC purchased a new position in Amplify Cybersecurity ETF during the 3rd quarter valued at about $285,000.

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.