Amplify Cybersecurity ETF (NYSEARCA:HACK) Hits New 12-Month High – Time to Buy?

Amplify Cybersecurity ETF (NYSEARCA:HACK)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $111.13 and last traded at $110.27, with a volume of 193368 shares traded. The stock had previously closed at $106.97.

Amplify Cybersecurity ETF Trading Down 0.8%

The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 35.67 and a beta of 0.85. The stock’s 50-day moving average price is $95.10 and its 200-day moving average price is $83.78.

Hedge Funds Weigh In On Amplify Cybersecurity ETF

Hedge funds have recently bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in Amplify Cybersecurity ETF by 9.5% during the 1st quarter. NewEdge Advisors LLC now owns 12,135 shares of the company’s stock worth $871,000 after acquiring an additional 1,057 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Amplify Cybersecurity ETF by 14.4% in the 2nd quarter. Schnieders Capital Management LLC. now owns 7,953 shares of the company’s stock valued at $687,000 after purchasing an additional 1,000 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Amplify Cybersecurity ETF by 93.7% in the 2nd quarter. Baird Financial Group Inc. now owns 27,600 shares of the company’s stock valued at $2,384,000 after purchasing an additional 13,349 shares during the period. Cerity Partners LLC lifted its stake in shares of Amplify Cybersecurity ETF by 9.2% in the 2nd quarter. Cerity Partners LLC now owns 39,916 shares of the company’s stock valued at $3,448,000 after purchasing an additional 3,364 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Amplify Cybersecurity ETF by 6.7% during the 2nd quarter. Raymond James Financial Inc. now owns 258,694 shares of the company’s stock valued at $22,343,000 after purchasing an additional 16,186 shares in 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.