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

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 $82.94 and last traded at $82.31, with a volume of 815 shares traded. The stock had previously closed at $82.57.

Amplify Cybersecurity ETF Stock Down 1.7 %

The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 32.94 and a beta of 1.41. The company’s 50-day moving average is $77.54 and its 200-day moving average is $72.12.

Institutional Investors Weigh In On Amplify Cybersecurity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hudson Value Partners LLC increased its position in Amplify Cybersecurity ETF by 11.8% during the fourth quarter. Hudson Value Partners LLC now owns 4,250 shares of the company’s stock worth $317,000 after purchasing an additional 450 shares during the last quarter. Waverly Advisors LLC acquired a new stake in shares of Amplify Cybersecurity ETF during the fourth quarter valued at about $1,341,000. Royal Bank of Canada increased its position in shares of Amplify Cybersecurity ETF by 6.5% during the fourth quarter. Royal Bank of Canada now owns 207,461 shares of the company’s stock valued at $15,454,000 after acquiring an additional 12,640 shares during the last quarter. Kaizen Financial Strategies increased its position in shares of Amplify Cybersecurity ETF by 11.8% during the fourth quarter. Kaizen Financial Strategies now owns 5,736 shares of the company’s stock valued at $427,000 after acquiring an additional 604 shares during the last quarter. Finally, Focus Partners Wealth increased its position in shares of Amplify Cybersecurity ETF by 19.5% during the fourth quarter. Focus Partners Wealth now owns 11,025 shares of the company’s stock valued at $821,000 after acquiring an additional 1,799 shares during 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. HACK was launched on Nov 11, 2014 and is managed by ETF Managers Group.