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

Shares of Amplify Cybersecurity ETF (NYSEARCA:HACK) reached a new 52-week high on Tuesday . The company traded as high as $112.60 and last traded at $112.50, with a volume of 23951 shares changing hands. The stock had previously closed at $109.28.

Amplify Cybersecurity ETF Stock Up 4.6%

The stock has a market capitalization of $2.84 billion, a P/E ratio of 35.67 and a beta of 0.85. The company has a 50-day moving average price of $96.92 and a two-hundred day moving average price of $84.38.

Institutional Trading of Amplify Cybersecurity ETF

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

Amplify Cybersecurity ETF Company Profile

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.